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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.

English French, German

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Euro Area

Economic growth will gradually strengthen to 2¼ per cent by the end of 2016, supported by lower oil prices, the depreciation of the euro, improving financial conditions, additional stimulus from further monetary expansion and a pause in fiscal adjustment. However, unemployment will decline only gradually, to a rate of 10¼ per cent at end-2016. Inflation should edge up to around 1½ per cent as the effects of lower energy prices dissipate and monetary easing is stepped up. Risks are broadly balanced around the projections, although event risks surrounding renewed financial turmoil remain significant.

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