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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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Norway

The economy is projected to expand robustly in 2013 and 2014. Domestic demand will be supported particularly by investment in the petroleum industry and housing, but non-oil exports will remain weak. Strong demand for labour keeps unemployment low and wage growth high. Reflecting exchange rate appreciation and stable import prices, inflation has remained below the central bank’s target, though it is projected to rise through 2014.

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