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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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South Africa

A resumption of employment growth is now reinforcing increases in domestic demand and, barring adverse shocks, the hitherto sluggish recovery should accelerate. Increases in food and fuel prices have pushed inflation above the target range, but there is still much spare capacity and, as temporary influences wane, inflation is projected to fall back into the target range by end-2012.

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