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2016 OECD Economic Outlook, Volume 2016 Issue 1

image of OECD Economic Outlook, Volume 2016 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, a special chapter on promoting productivity and equality, a chapter summarising developments and providing projections for each individual country and a statistical annex.

 

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United States

Despite a recent soft patch reflecting transitory factors, output remains on a moderate growth trajectory sustained by mutually-reinforcing gains in employment, income and household spending. Steady job gains have pushed down the unemployment rate, and recently the labour force has risen. Moderate output gains are likely to resume as these influences wane, with solid domestic demand growth counteracted by relatively sluggish gains in external demand.

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