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The OECD: Moderate Growth, Low Inflation

                  REAL GDP       INFLATION*
                '96     '97     '96     '97
U.S.            2.4%    2.2%    2.0%    2.1%


JAPAN           3.6     1.6     -O.1    0.5


GERMANY         1.1     2.2     1.3     1.2


EUROPEAN UNION  1.6     2.4     2.4     2.0


TOTAL OECD      2.4%    2.4%    4.1%    3.6%


*GDP Deflator
DATA: OECD


Updated June 15, 1997 by bwwebmaster
Copyright 1997, Bloomberg L.P.
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