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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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Norway

Strong growth will continue into 2013 and 2014. Investment in the petroleum industry will give way to consumption as the main source of demand growth for the mainland economy. External demand will initially be very weak but recover somewhat in 2014. Demand for labour will remain buoyant. Low import prices and exchange rate appreciation have helped to keep inflation low, but it will rise through 2014.

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