OECD Economic Outlook, Volume 2010 Issue 1
The OECD Economic Outlook analyses the current economic situation and examines the economic policies required to foster a sustained recovery in member countries. This issue covers the outlook to end-2011 for both OECD countries and selected non-OECD economies. Together with a wide range of cross-country statistics, the Outlook provides a unique tool to keep abreast of world economic developments.
In addition to the themes featured regularly, this issue contains three special chapters. The first covers prospects for growth & imbalances beyond the short-term, the second covers return to work after the crisis, and the third examines counter cyclical economic policy.
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Canada
The economy is rebounding vigorously from the recession trough, helped by a recovering trade sector and policy measures. The pace of recovery is projected to moderate going forward as policy stimulus is withdrawn, inventory rebuilding runs its course and households deleverage. Unemployment should keep declining and inflation pressures stay muted, given remaining economic slack. The high rate of household indebtedness is a source of risk to the outlook.
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