OECD Economic Outlook, Volume 2010 Issue 1
The OECD Economic Outlook analyses the current economic situation and examines the economic policies required to foster a sustained recovery in member countries. This issue covers the outlook to end-2011 for both OECD countries and selected non-OECD economies. Together with a wide range of cross-country statistics, the Outlook provides a unique tool to keep abreast of world economic developments.
In addition to the themes featured regularly, this issue contains three special chapters. The first covers prospects for growth & imbalances beyond the short-term, the second covers return to work after the crisis, and the third examines counter cyclical economic policy.
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China
China’s vigorous expansion continued in early 2010. GDP growth is projected to exceed 11% this year before slowing to just under 10% in 2011, as the impact of the stimulus package diminishes. With the terms of trade deteriorating and domestic demand remaining strong, the current account surplus may continue to fall sharply in 2010, to around 2¾ per cent of GDP, and rebound only slightly in 2011. With food prices easing, inflationary pressures are likely to remain subdued.
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