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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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Sweden

Sweden enjoyed a very strong recovery through mid-2011, but is now being hit by the ongoing global economic slowdown. The pace of job creation is set to slow and the decline in unemployment to pause. Private consumption, which has been one of the main drivers of growth, should moderate. As world trade regains strength from mid-2012, Sweden’s economic momentum is projected to pick up. Spare capacity will increase in the near term, hence core inflation should stay subdued.

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