2015 OECD Economic Outlook, Volume 2015 Issue 1

image of OECD Economic Outlook, Volume 2015 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 investment and a statistical annex.

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Economic growth will slow down in 2015 as weaker commodity prices reduce investment and exports, and public spending slows due to lower oil and mining revenues. Tighter household balance sheets and weaker employment growth will also slow domestic demand growth. Currency depreciation will temporarily raise headline inflation, but also contribute to growth by gradually boosting non-commodity exports. Stronger foreign demand and the easing of infrastructure bottlenecks will also contribute to an export-led recovery in 2016.

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