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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English
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OECD

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Growth has been robust in 2012, primarily supported by domestic demand, reflecting real wage growth and strong job creation. Despite intense utilisation of production capacity and low unemployment, headline and core inflation have remained in the lower part of the central bank’s tolerance range of 2-4%. With weakening global conditions, activity is projected to slow next year. As export markets – notably China – strengthen in late 2013, growth is projected to pick up again in 2014 to about 5½ per cent.

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