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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Despite the global slowdown, Mexico’s economy has been expanding rapidly and formal employment has been rising, supported by strong domestic demand and exports. The weak recoveries of Mexico’s key trading partners and falling external demand in late 2012 will moderate exports and investment into mid-2013. As world and in particular US demand picks up in late 2013 and into 2014, growth will gradually strengthen to around 3½ per cent by 2014.

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