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.
- 19 June 2012
Following a period of robust economic expansion, the economy has started to slow, reflecting the spillover effects of the euro area sovereign debt crisis through lower confidence and tighter credit conditions. A moderate easing of growth to 4½ per cent is expected in 2012 as domestic demand softens and international financial conditions remain volatile. Better global growth prospects should contribute to faster growth of 5% in 2013.