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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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Estonia

The rapid export-led recovery is projected to slow down but the economy will continue to outperform other European OECD countries, benefiting from reduced unit labour costs and recent investments in export-oriented manufacturing sectors. Private consumption will make an increasing contribution to growth following improvements in the labour market and in household balance sheets. Headline inflation will decline, as commodity and energy price shocks fade out, although core inflation will gradually increase.

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