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2014 OECD Economic Outlook, Volume 2014 Issue 1

image of OECD Economic Outlook, Volume 2014 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 which includes data on housing, debt, and many other variables.

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Korea

The economy experienced an investment-led upturn that is likely to continue thanks to stronger export growth in line with the recovery in world trade. Still, high household debt will continue to constrain private consumption. Output is projected to grow around 4% in 2014-15, helping to lift inflation into the target range of 2.5% to 3.5%.

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