Regional developments and outlook

The pattern of growth across the developed market region began to shift in 2006, marking a tentative beginning to some rebalancing of activity between economic areas. The United States of America saw a significant slowdown, with growth dropping well below potential during the year, but in the euro area and Japan growth picked up sharply. While the latter two economies have slowed during the second half of the year and are expected to grow at this slower rate in 2007, they are still close to their potential, whereas the United States is expected to continue to grow well below its potential rate.

Sustainable Development Goals:

Decent Work and Economic Growth