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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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Norway

Economic growth is projected to recover in 2014-15, after a slowdown last year which left some slack in the economy. The impetus from the petroleum sector will be weaker than in recent years, but non-oil exports will pick up as the global economy improves. Household consumption will also gain strength on the back of growth in disposable income. The remaining slack will gradually diminish.

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