OECD Economic Outlook, Volume 2012 Issue 1
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OECD Economic Outlook, Volume 2012 Issue 1

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, a chapter on medium and long-term scenarios for growth and imbalances, and a and a statistical annex.

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Chapter
 

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English
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Author(s):
OECD

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The economy will enter a steady expansion path only during the second half of 2012 as exports gain traction from faster world trade. Fiscal consolidation, low capacity utilisation and profitability, and high unemployment will subdue domestic demand.

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