2014 OECD Economic Outlook, Volume 2014 Issue 2

image of OECD Economic Outlook, Volume 2014 Issue 2

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.

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Economic growth has been solid but is projected to moderate in 2015, as lower export prices reduce investment and export growth, and private consumption slows due to tighter credit conditions. In 2016, growth will pick up again as infrastructure investment accelerates and external demand gains momentum. Inflation will remain stable around its target as there is no significant build-up of excess demand pressures, while unemployment will stabilise at around 9½ per cent.

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