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
Ireland returned to growth last year and the economic recovery is projected to gain further momentum, despite ongoing budgetary consolidation. A recovery in Europe and North America should boost exports in 2013. With activity improving gradually, the labour market situation will slowly turn around and unemployment will stabilise. Inflation is projected to remain low, apart from a temporary energy and VAT-related spike in prices.