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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Slowing activity in export markets and the strong Swiss franc have depressed economic growth in the second half of 2011. Growth will resume with strengthening global activity in the second half of 2012. While employment growth will be weak and the unemployment rate will rise until mid-2012, employment growth will resume at a moderate pace with overall economic activity afterwards. Consistent with persistent slack in the economy, inflation is projected to remain subdued and increase only gradually at the end of 2013.

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