Oecd Economic Outlook: December No. 82 - Volume 2007 Issue 2

Twice a year, the OECD Economic Outlook analyses the major trends and examines the economic policies required to foster high and sustainable growth in member countries. Developments in major non-OECD economies are also evaluated. This issue covers the outlook to end-2009. Together with a wide range of cross-country statistics, the Outlook provides a unique tool to keep abreast of world economic developments. In addition to the themes featured regularly, this issue contains a special chapter entitled Corporate saving and investment: Recent trends and prospects. Table of contents Editorial: Dealing with Risks Chapter 1. General Assessment -Overview -Recent Developments -Forces Shaping the Outlook and Associated Risks -Growth Prospects -Challenges for Macroeconomic Policy -Appendix 1. A1. An Evaluation of OECD Growth Projections for the G7 Economies Chapter 2. Developments in Individual OECD Countries and Selected Non-Member Economies -United States -Japan -European Area -Germany -France -Italy -United Kingdom -Canada -Australia -Austria -Belgium -Czech Republic -Denmark -Finland -Greece -Hungary -Iceland -Ireland -Korea -Luxembourg -Mexico -Netherlands -New Zealand -Norway -Poland -Portugal -Slovak Republic -Spain -Sweden -Switzerland -Turkey -Brazil -China -India -Russian Federation Chapter 3. Corporate Saving and Investment: Recent Trends and Prospects -Introduction and Summary of the Main Results -The Forces behind the Increase in the Aggregate OECD Corporate Net Lending -The Future Evolution of Corporate Net Lending and its Implications Special Chapters in Recent Issues of the OECD Economic Outlook Statistical Annex -Country Classification -Weighting Scheme for Aggregate Measures -Irrevocable Euro Conversion Rates -National Accounts Reporting Systems and Base-Years -Annex Tables --1. Real GDP --2. Nominal GDP --3. Real private consumption expenditure --4. Real public consumption expenditure --5. Real total gross fixed capital formation --6. Real gross private non-residential fixed capital formation --7. Real gross private residential fixed capital formation. --8. Real total domestic demand --9. Foreign balance contributions to changes in real GDP --10. Output gaps --11. Compensation per employee in the private sector --12. Labour productivity for the total economy --13. Unemployment rates: commonly used definitions --14. Standardised unemployment rates --15. Labour force, employment and unemployment. --16. GDP deflators --17. Private consumption deflators --18. Consumer price indices . --19. Oil and other primary commodity markets --20. Employment rates, participation rates and labour force. --21. Potential GDP, employment and capital stock --22. Structural unemployment and unit labor costs --22. Structural unemployment and unit labor costs --24. Gross national saving --25. General government total outlays --26. General government total tax and non-tax receipts --27. General government financial balances --28. Cyclically-adjusted general government balances. --29. General government primary balances --30. Cyclically-adjusted general government primary balances --31. General government net debt interest payments. --31. General government net debt interest payments. --32. General government gross financial liabilities --33. General government net financial liabilities --34. Short-term interest rates --35. Long-term interest rates --36. Nominal exchange rates (vis-à-vis the US dollar) --37. Effective exchange rates. --38. Export volumes of goods and services --39. Import volumes of goods and services --40. Export prices of goods and services --41. Import prices of goods and services. --42. Competitive positions: relative consumer prices --43. Competitive positions: relative unit labour costs. --44. Export performance for