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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Following a strong start at the beginning of the year, activity is set to pick up further as confidence improves and domestic demand strengthens. Strong labour market performance, low deleveraging needs and favourable financing conditions will contribute to the rebound in private consumption and investment over the projection period. The expected recovery of world trade should further improve business confidence and mitigate negative spillovers from weakness in the rest of the euro area.