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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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Ireland

The moderate recovery and gradual economic rebalancing is projected to continue. Exports will remain the main driver of growth, making Ireland’s outlook largely dependent on developments in trading partners. Domestic demand is projected to gradually strengthen. Business investment should pick up as multinational enterprises continue to build up their production facilities. The unemployment rate is expected to decline only slightly, reflecting the slow recovery in labour-intensive domestic sectors and persistent skill mismatches. On the assumption of full policy implementation, the fiscal deficit should continue to decline through the projection period.

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