Assessment and Recommendations
I. Recent Trends and Prospects
-Substantial, Non-Inflationary Growth Continued in 1998
-However, Imbalances Started to Emerge
-Which Constrain the Outlook
II. Economic Policies
-Monetary Management
-Fiscal Policy
III. Structural Policy Developments
-Income Assistance and Labor Markets
-Financial Markets
-Product Markets
-International Trade
-Other Structural Initiatives
IV. Coping with Ageing
-The Scale of the Demographic Problem
-The Current Support System for the Elderly
-The Impact of Ageing under Current Institutional Arrangements
-Reforming the Current System
-Summary and Conclusions
Annex I. Integrating Financial Asset Stocks and Flows
Annex II. The Corporate Structure of Expanded Banking Powers: Holding Company Affiliates vs.Bank Subsidiaries
Annex III. Calendar of Main Economic Events