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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Domestic spending has remained solid, but demand from other Asian countries has been slowing. Nonetheless, output is expected to grow at close to trend rates of around 6% this year and next, supported by infrastructure spending and rebounding exports. An intended hike in the price of subsidised fuel at mid-year will temporarily drive up inflation.