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2012 OECD Economic Outlook, Volume 2012 Issue 2

image of OECD Economic Outlook, Volume 2012 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.

English French, German

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Austria

After moderate growth in early 2012, activity stagnated in the latter half of the year due to softening external demand and deteriorating confidence, which offset gains in real disposable income and generally favourable financing conditions. Both domestic and external demand will benefit from gradually improving confidence and strengthening world trade over the forecast horizon, and growth is projected to reach 0.8% in 2013 and 1.8% in 2014.

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