OECD Economic Outlook, Volume 2009 Issue 1
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Beyond the Crisis
Medium-Term Challenges Relating to Potential Output, Unemployment and Fiscal Positions
The economic crisis will cast a long shadow. The projections described in Chapters 1 and 2 imply that by the end of 2010, even though a recovery is under way, most OECD countries will still face severe macroeconomic imbalances including large output gaps, high unemployment, very low inflation or even deflation and wide fiscal deficits. This chapter considers how such macroeconomic imbalances might begin to be resolved over the medium term, as well as the main associated risks and uncertainties.
Also available in: French
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