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


After strong growth in the first half of 2012, supported by reconstruction spending in response to the 2011 Great East Japan Earthquake, the recovery stalled, reflecting the slowdown in world trade and weaker domestic demand. While the economy is projected to pick up in 2013, annual growth may be limited to around ¾ per cent in both 2013 and 2014, as reconstruction outlays wane and planned tax hikes damp private consumption. The unemployment rate will remain above its pre-2008 crisis level.

English Also available in: French, German



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