OECD Economic Outlook, Volume 2011 Issue 2
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OECD Economic Outlook, Volume 2011 Issue 2

The OECD Economic Outlook is the OECD’s twice-yearly analysis of the major economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, prices, fiscal and current account balances.

Coverage is provided for all OECD member countries as well as for selected non-member countries. This issue includes a general assessment, chapters summarising developments and providing projections for each individual country and an extensive statistical annex.

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Author(s):
OECD

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Growth will slow in 2012, from an already modest pace, as a result of weakening exports and ongoing fiscal consolidation. It will become stronger and more broad-based again in 2013, underpinned by an improvement in world trade and recovery of domestic demand. Inflation is set to spike temporarily in 2012 due to indirect tax increases but will otherwise stay close to the central bank’s target.

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