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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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General Assessment of the Macroeconomic Situation

A hesitant and uneven recovery is projected over the next two years. Growth in the OECD area is set to be modest in the near term, with the euro area remaining in or close to recession until well into 2013. Headwinds stem from fiscal consolidation, household deleveraging in many countries and confidence at low levels. Although conditions differ by country, a quicker recovery is expected in the non-OECD area, in part reflecting the greater scope for policy stimulus.

English French, German

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