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 Also available in: French, German


Economic growth has softened as the year has wore on and is likely to remain only moderate until mid-2013. Housing investment and house prices are set to cool somewhat in response to tighter mortgage rules to prevent households from becoming over-extended. The public sector is consolidating, and exports are being held back by poor competitiveness and weak global growth. Business investment should remain relatively strong, however, thanks to global demand for natural resources, low capital costs and corporate tax rates, and the high exchange rate, which is reducing the price of imported capital equipment.

English Also available in: French, German



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