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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Germany
The economy is weakening markedly as world trade has slowed. Unusually low interest rates are supporting domestic demand, raising imports and reducing the current account surplus. As export markets recover, real GDP is projected to expand by ½ per cent in 2013 and by 2% in 2014. Unemployment is projected to rise somewhat in 2013. Consumer price inflation is projected to remain close to 2%, on the back of rising energy prices and robust domestic demand.
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