OECD economic outlook : 96 November 2014.

Format:

Book

Author/Creator:

Organisation for Economic Co-operation and Development, author, issuing body.

Series:

OECD Economic Outlook ; 1609-7408.

OECD Economic Outlook, ; 1609-7408

Language:

English

Subjects (All):

Economic development.

Economic policy.

Economic surveys.

Physical Description:

1 online resource (286 p.)

Place of Publication:

[Paris, France] : OECD, 2014.

Language Note:

English

Summary:

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.

Contents:

Table of contents; Summary of projections; Editorial: Shifting into Higher Gear and Rebuilding the Engines of Growth; Chapter 1. General Assessment of the Macroeconomic Situation; Summary; Summary assessment of the economic situation and main policy recommendations; Table 1.1. The global recovery will gain momentum only slowly; Main issues for economic prospects; Figure 1.1. Macroeconomic performance among the largest OECD areas is expected to continue to differ; Box 1.1. Persistent stagnation traps: evidence and policy implications; Summary of selected features of persistent stagnation

Figure 1.2. Deleveraging in the private sector has differed across the main OECD areasFigure 1.3. Impact on GDP growth of a euro and yen depreciation; Figure 1.4. Risk-taking indicators; Box 1.2. Potential energy market spillovers from events in Ukraine; Natural gas and crude oil imports from Russia account for a sizeable share of primary energy needs; Figure 1.5. Growth of exports to Russia; Figure 1.6. Economic slack continues to hold back wage growth; Figure 1.7. The post-crisis recovery in investment remains slow; Figure 1.8. OECD financial conditions have improved further

Figure 1.9. Intra-euro area financial fragmentationFigure 1.10. The ratio of global trade volume to global GDP volume; Figure 1.11. Income and wealth disparities have widened in the United States; Figure 1.12. Post-crisis changes in the income distribution have varied across countries; Figure 1.13. Financial wealth inequality is greater than housing wealth inequality; Box 1.3. Consumption tax increases in Japan; Effects of the consumption tax increase on households; Residential property investment; Table 1.2. Housing market developments continue to diverge; Economic prospects and risks

Box 1.4. Policy and other assumptions underlying the projectionsFigure 1.14. Euro area economic prospects in the baseline and a downside scenario; Figure 1.15. First and second-year impact on GDP growth of a euro area shock; Figure 1.16. GDP growth impact of an adverse two-year domestic demand shock in China; Table 1.3. OECD labour market conditions are likely to improve slowly; Table 1.4. World trade will strengthen only gradually; Economic policy requirements in the major economies; Table 1.5. Fiscal positions will continue to improve; Box 1.5. Monetary policy easing in the euro area

European Central Bank total assetsOutstanding ABS securities and covered bonds; Monetary policy easing and its apparent effects; Box 1.6. Fiscal space in the euro area under the European fiscal rules; Fiscal policy stance; Binding EU rules and implied fiscal space; Bibliography; Annex 1.A1. Indicators of potential financial vulnerabilities; Table A1. Indicators of potential financial vulnerabilities; Table A2. Financial-accounts-related risk factors to financial stability; Annex 1.A2. A revised framework for modelling the relationship between inflation and unemployment

Figure A2.1. Inflation expectations have stabilised since the late 1990s

Notes:

Description based upon print version of record.

Includes bibliographical references.

Description based on online resource; title from PDF title page (ebrary, viewed February 14, 2015).

ISBN:

9789264228542

9264228543

9789264220195

9264220194