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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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Greece

Ongoing fiscal adjustment, declining real wages and weak exports are deepening the recession. Unemployment has reached historical highs, increasing social strains. Despite improving confidence over recent months, positive growth is expected only in the course of 2014 as export demand strengthens, competitiveness improves further and investment returns. Sluggish product market reforms are blunting the effects of lower wages on price competitiveness.

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