2011 OECD Economic Outlook, Volume 2011 Issue 2

image of OECD Economic Outlook, Volume 2011 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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After a strong first half of 2011, growth has slowed markedly and will continue to do so into the first half of 2012. The deterioration in the external environment and heightened uncertainty has weighed on exports and investment, although consumption should continue to grow modestly, supported by a robust labour market and falling inflation. The economy is projected to return to trend growth by the end of 2012 and to grow slightly above trend in 2013 in the wake of a re-invigorated export and investment driven recovery.

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