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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.

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Luxembourg

Growth has stalled, reflecting a slowdown in exports. A moderate pick-up in growth is projected to begin towards 2014 as external demand and confidence recover. Unemployment is set to rise, but then to stabilise as demand picks up. Core inflation will remain above the euro area average, driven by the backward-looking wage indexation mechanism.

English French, German

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