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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Germany
The underlying growth momentum is intact, although negative one-offs affected the economy around the turn of the year. Growth is expected to pick up strongly from the second quarter onwards as the improvement in world trade continues and firms gradually raise their investment expenditures. The labour market continues to be exceptionally robust given the magnitude of the output contraction. Nevertheless, labour hoarding has left some enterprises with excess employment and some increase in layoffs and in unemployment is expected.
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