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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Publication Date :
19 June 2012
DOI :
10.1787/eco_outlook-v2012-1-en
 
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Author(s):
OECD
DOI :
10.1787/eco_outlook-v2012-1-35-en

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Activity was hit hard by the global economic slowdown in late 2011 and unemployment rose. Growth is expected to be modest this year but stronger in 2013 as world trade regains strength and confidence improves. With ample spare capacity, core inflation should stay subdued.

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