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2010 OECD Economic Outlook, Volume 2010 Issue 1

image of 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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Czech Republic

Real GDP has been growing since the second half of last year, mainly due to a recovery in export markets. Domestic demand remains subdued as a result of high unemployment and fiscal tightening. A gradual recovery is projected for 2010 and 2011, with GDP growth of 2% and 3% respectively. Inflation is expected to rise gradually to about 2% by 2011, which is within the new official target.

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