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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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Slovak Republic

The economy is suffering from the difficult external environment and fiscal consolidation is weighing on domestic demand. While exports will progressively pick up through 2013, reflecting stronger world trade and the gradual recovery in the euro area, private consumption will remain subdued due to rising unemployment, low wage growth and continued fiscal consolidation, which is designed to exit the Excessive Deficit Procedure and prevent government debt from breaking through the constitutional limit.

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