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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Growth is projected to slow considerably in coming quarters as a result of weaker domestic and external demand. However, activity should pick up again in the second half of 2013 and strengthen further in 2014. Yet slack in both product and labour markets will increase, pushing inflation below 2% in 2014. The current account deficit should stabilise above 3% of GDP in 2014.

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