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.

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Activity has been more or less stagnating since late 2011, and real GDP is projected to rise by only 0.3% in 2013, but then to expand by 1.3% in 2014. Joblessness and slack more generally will therefore continue to increase until late in the projection period, when the unemployment rate could reach 11¼ per cent. With weak growth, consumer price inflation is expected to fall gradually to below 1½ per cent per year.

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