If you haven’t finished writing your second quarter investment commentary, check out the website of the Organisation for Economic Co-operation and Development for some useful statistics. The OECD publishes its economic outlook twice a year.
Its June 2008 outlook predicts weak growth and high inflation. Real GDP growth for the total OECD (see page 2) is estimated to run 1.8% in 2008 and 1.7% in 2009. Estimates are broken out for the U.S., Japan, and the Euro area.
The June outlook also discusses:
- How deep is the impact of the recent oil and credit shocks on the productive potential of OECD economies? To what extent can structrual reforms help to soften it?
- How should economic policies respond to the uncertainty created by these shocks?