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
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Export-led growth was strong in 2011, but is projected to weaken substantially in 2012 due to the weak external environment, notably euro area tensions. As world trade growth improves, activity is projected to pick up again in 2013. Disinflation will be interrupted temporarily by oil price increases and electricity market liberalisation.