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 trade-induced slowdown in late 2011, public reconstruction spending in response to the Great East Japan Earthquake will help boost growth to around 2% in 2012. As reconstruction outlays wane, the expansion will be supported through 2013 by a pick-up in exports. Deflation is likely to diminish, although the unemployment rate will remain above its pre-2008 crisis level.