Assessment and Recommendations I. Recent Developments and Longer-Term Perspectives II. Macroeconomic Policies III. Structural Reform: A Review of Progress IV. The Tax and Transfer System - Balancing Efficiency and Welfare Annex I. The Evolution of Social Insurance Annex II. A Cross-Country Comparison of the Effects of Earned Income Tax Credits Annex III. A Select Bibliography for Chapter IV Annex IV. Fiscal and Structural Indicators Annex V. Calendar of Main Economic Events