The OECD forecasts economic reactivation since 1992 and considers that it will be possible to reduce inflation by means of prudent macroeconomic policies, more flexible labour markets and more stable prices for goods.

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                                               1991    1992    1993
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GDP growth rate................................2.5     2.8     3.3

Private consumption deflator...................5.9     5.6     4.9

External deficit as a percentage of GDP.......-3.0    -2.7    -3.0

Unemployment rate as a percentage of active
population....................................16.0    15.7    15.2

Public debt as a percentage of GDP............-4.2    -4.0    -3.2

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