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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.

 

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Growth Prospects and Fiscal Requirements over the Long Term

Growth of the present non-OECD will continue to outpace that of the present OECD, but the difference will narrow substantially over coming decades. From over 7% per year recently, non-OECD growth may decline to around 4½ per cent per annum in 2030. Until around 2020, China is set to have the highest growth rate among major countries, but could be then surpassed by India.

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