OECD Economic Outlook, Volume 2009 Issue 2
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OECD Economic Outlook, Volume 2009 Issue 2

This November 2009 issue of OECD's twice-yearly OECD Economic Outlook provides analysis of recent economic developments and economic projections for OECD and major non-OECD countries through the end of 2011. This issue contains a special chapter entitled "The automobile industry in and beyond the crisis". It examines how closely the automobile and business cycles are related, how the automobile industry been affected by the crisis and what are the prospects for car sales.
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Publication Date :
05 Jan 2010
DOI :
10.1787/eco_outlook-v2009-2-en
 
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Author(s):
OECD
Pages :
130–134
DOI :
10.1787/eco_outlook-v2009-2-6-en

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The sharp contraction in euro area activity appears to have ended sooner than anticipated, with further improvements in financial conditions, fiscal stimulus measures and stabilisation of export demand. However, headwinds from financial sector deleveraging and rising unemployment suggest that the recovery will be gradual. Despite the improved outlook, core inflation should continue to moderate until the end of 2010 due to substantial economic slack.
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