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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The economy has been in recession since mid-2012, but growth is projected to pick up by end-2013. Exports and, in turn, a gradual improvement in business investment will be the main drivers of the recovery. Ongoing fiscal consolidation and household deleveraging will hold back activity and growth will be too weak to prevent a further rise in the unemployment rate. Inflation is expected to fall after a VAT-related spike in early 2013.

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