OECD Economic Outlook, Volume 2012 Issue 2
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OECD Economic Outlook, Volume 2012 Issue 2

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 and an extensive statistical annex.

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Author(s):
OECD

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Output is projected to expand by roughly 3¼ per cent in 2013 and 2014, which would be slightly below potential. Despite the decrease in the terms of trade, the mining sector can still be expected to sustain growth which remains marked by substantial sectoral disparities. Nevertheless, the high exchange rate, continued household deleveraging and budget-tightening in 2012/13 should damp activity in many other sectors.

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