OECD Economic Outlook, Volume 2013 Issue 1
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OECD Economic Outlook, Volume 2013 Issue 1

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, a special chapter on growth prospects and fiscal requirements over the long term, and a statistical annex.

 

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Author(s):
OECD

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Economic activity has been more or less stagnant over the last two years and is likely to pick up only slowly in 2014. Real GDP growth is projected to be slightly negative in 2013 and to reach 0.8% in 2014. The unemployment rate would therefore continue to increase until the end of 2014. Despite VAT hikes, headline inflation should recede towards 1% or less.

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