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2012 OECD Economic Outlook, Volume 2012 Issue 1

image of OECD Economic Outlook, Volume 2012 Issue 1

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, a chapter on medium and long-term scenarios for growth and imbalances, and a and a statistical annex.

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Austria

After slowing markedly over the course of 2011, activity stabilised in early 2012 as investor sentiment and financing conditions improved. Consumption and investment will continue to grow modestly in the near term and weakness in export demand persists. The economy is projected to return to trend growth by early 2013 driven by improving global conditions that will strengthen exports and investment.

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