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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New Zealand

Growth is expected to pick up from 1¼ per cent in 2011 to 2¾ per cent in 2013. The main supports to growth will be low interest rates, comparatively strong growth in New Zealand’s main trading partners (Australia and China) and the rebuilding of Canterbury following the reduction in seismic activity in the region. The expansion is being held back by the strong exchange rate, falling commodity prices, the withdrawal of fiscal stimulus and pressures for households to deleverage.

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