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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Norway
Norway’s economic recovery began somewhat earlier than in most OECD countries and growth is projected to continue, but at a more modest pace than before the recession. Consumer spending and, somewhat later, investment growth is projected to pick up in 2010, while public spending will slow from its recent fast pace. By 2011, mainland GDP will be growing sufficiently fast to eliminate excess capacity in much of the economy.
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