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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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United States

Economic growth is expected to remain moderate in 2013, and then pick up noticeably in 2014 as the labour market recovery gains momentum. Tax increases are taking a significant bite out of incomes this year, but sizable gains in equity and real estate prices have boosted household wealth and should provide support to private consumption and residential investment. Given ample corporate cash flow and an improved demand outlook, business investment is likely to rise steadily over the projection.

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