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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General Assessment of the Macroeconomic Situation
More than usual, world economic prospects depend on events, notably policy decisions related to the euro-area debt crisis and US fiscal policy. The nature and timing of many such events remain highly uncertain and the projection presented in this Economic Outlook therefore portrays a muddling-through case in the absence of decisive events.
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