OECD Economic Outlook, Volume 2010 Issue 1
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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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Author(s):
OECD

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A gradual recovery is underway driven by economic policy stimulus, a rebound in world trade and improving financial conditions, although there has recently been significant financial market volatility. Difficulties in restoring competitiveness and sound public finances in some peripheral countries may complicate recovery. Persistently high unemployment in much of the euro area, and financial develeraging by indebted households and businesses will weigh on domestic demand. Substantial economic slack is likely to keep inflation low.
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