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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The economy lost momentum this year, reflecting the uncertain external environment and weakening household confidence as unemployment increased and house prices fell. From mid-2013, however, growth is projected to pick up to beyond its potential rate. The unemployment rate is projected to begin to fall, although remaining spare capacity should keep inflation at low rates.

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