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2013 OECD Economic Outlook, Volume 2013 Issue 1

image of OECD Economic Outlook, Volume 2013 Issue 1

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, a special chapter on growth prospects and fiscal requirements over the long term, and a statistical annex.

 

English French, German

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Belgium

Recovery is slowly gathering pace, driven by stronger world trade and supportive monetary conditions. Domestic demand will pick up only gradually, owing to weak real income growth, low capacity utilisation, necessary fiscal consolidation and a weak housing market. Only in the second half of 2014 will growth return to potential and unemployment stop rising. Inflation will further ease over the projection period.

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