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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Following a strong recovery, growth is expected to lose some momentum along with international trade and US industrial production, although sound fundamentals and supportive macroeconomic policies should help to avert a sharp downturn. GDP is expected to grow by 4% in 2011 and slow to only 3.3% in 2012. With confidence gradually strengthening and some pick-up in growth in partner countries after mid-2012, exports and activity should pick up again in 2013 with GDP growth reaching 3.6%. Given considerable uncertainties regarding the health of the world economy and financial markets stability, risks are, however, mainly to the downside.

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