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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General Assessment of the Macroeconomic Situation
The projection presented in this Economic Outlook rests on the assumption that policy actions will be sufficient to prevent destabilising euro area developments, that there will be no major disturbances affecting oil prices, and that disruptive US fiscal consolidation will be avoided.
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