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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France
Given the sharp slowdown triggered by unresolved European sovereign-debt problems, France may have entered a short, shallow recession. Real GDP is projected to grow by just 0.3% in 2012 before accelerating to about 1.5% in 2013. Job-creation prospects have deteriorated, and the unemployment rate is projected to increase to 10.4% in end-2012 before stabilising in 2013. As economic slack increases, inflation should fall to around 1% in 2013.
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