This issue of the OECD Economic Outlook analyses the major trends that will mark the next two years. It covers the outlook to the end of 2005 and examines the economic policies required to foster high and sustainable growth in member countries. Developments in selected major non-OECD economies are also evaluated. Three analytical chapters look at fiscal policy and its influence on economic activity, fiscal relations across levels of government, and crubing the growth in government spending and raising its cost effectiveness.
Table of contents:
Cover and table of contents Editorial General assessment of the macroeconomic situation Economic developments in United States Economic developments in Japan Economic developments in Euro Area Economic developments in Germany Economic developments in France Economic developments in Italy Economic developments in United Kingdom Economic developments in Canada Economic developments in Australia Economic developments in Austria Economic developments in Belgium Economic developments in Czech Republic Economic developments in Denmark Economic developments in Finland Economic developments in Greece Economic developments in Hungary Economic developments in Iceland Economic developments in Ireland Economic developments in Korea Economic developments in Luxembourg Economic developments in Mexico Economic developments in Netherlands Economic developments in New Zealand Economic developments in Norway Economic developments in Poland Economic developments in Portugal Economic developments in Slovak Republic Economic developments in Spain Economic developments in Sweden Economic developments in Switzerland Economic developments in Turkey Economic developments in selected non-member economies Fiscal stance over the cycle: the role of debt, institutions, and budget constraints Fiscal relations across levels of government Enhancing the cost effectiveness of public spending Statistical Annex