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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.

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Japan

The economy has now rebounded from the contraction in the wake of the 2014 tax hike. Supported by the fall in oil prices and real wage gains, output growth is projected to reach ¾ per cent in 2015 and 1½ per cent in 2016. Export growth is projected to remain buoyant, reflecting the weaker yen and a gradual pick-up in world trade. Inflation, which has fallen close to zero, is projected to begin rising in the second half of 2015, reaching 1½ per cent by the end of 2016, while the unemployment rate continues to fall.

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