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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Author(s):
OECD

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Economic activity, which has so far been mainly driven by exports, is expected to decline in 2012. As domestic demand gradually improves, growth should return in 2013. A weak currency, rising oil prices and hikes in indirect taxes have significantly increased prices, though their effects should moderate gradually.

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