OECD economic outlook.

Format:

Book

Contributor:

OECD iLibrary.

Organisation for Economic Co-operation and Development.

Series:

OECD economic outlook, 0474-5574 ; 94 (November 2013)

Language:

English

Subjects (All):

Economic forecasting--OECD countries--Statistics.

Economic forecasting.

OECD countries--Economic conditions--Statistics.

OECD countries.

Physical Description:

1 online resource (300 p.)

Place of Publication:

Paris : OECD, 2013.

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 and a statistical annex.

Contents:

Table of contents; Summary of projections; Editorial: Stronger growth ahead, but more risks; Chapter 1. General assessment of the current economic situation; Summary; Introduction; Table 1.1. The global recovery will gain momentum only slowly; Recent activity and financial developments; The growth slowdown in EMEs, spillovers and feedback effects; Figure 1.1. Government bond yields have increased, while equity prices and exchange rates have gyrated; Figure 1.2. Financial conditions fell especially sharply in external deficit EMEs

Figure 1.3. Banking sector vulnerabilities have surfaced in some EMEsFigure 1.4. External vulnerability indicators in selected EMEs; Figure 1.5. Recent business sentiment outcomes are mixed; Box 1.1. Global spillovers from the growth slowdown in emerging market economies; Direct trade exposures to non-OECD economies are large in some countries; A domestic demand slowdown in the non-OECD could have sizeable adverse; Banks' foreign claims on emerging market economies; Financial conditions in OECD countries

Figure 1.6. Aggregate financial conditions have tightened slightly in the euro area and the United StatesFigure 1.7. Market participants now expect earlier and faster monetary policy tightening; Demand and activity developments in OECD economies; Figure 1.8. Household financial liabilities are now declining in more economies; Table 1.2. Housing market developments continue to diverge; The near-term projections; Box 1.2. Policy and other assumptions underlying the projections; Box 1.3. Progress on structural reform in the vulnerable euro area countries

Responsiveness to Going for Growth recommendationsThere has been progress in reforming labour markets; Table 1.3. OECD labour market conditions are likely to improve slowly; Figure 1.9. Labour market slack is diverging and large overall; Table 1.4. World trade will strengthen only gradually; Figure 1.10. Relative unit labour costs are continuing to adjust in the euro area; Risks to the outlook; Fiscal risks in the United States; Box 1.4. Quantifying the possible macroeconomic effects of a binding US debt ceiling; US fiscal consolidation only; US fiscal consolidation financial markets shock

Addressing remaining risks in the euro areaFigure 1.11. Capital needs in euro area banks to reach a 5% leverage ratio are still large; Fiscal policy risks in Japan; Economic policy requirements in the major economies; Monetary policy; Box 1.5. The impact of government bond yield increases on banks; The impact of government bond yield increases on banks' balance sheets; Fiscal policy; Table 1.5. Fiscal positions will continue to improve; Box 1.6. Fiscal consolidation needed after 2015 under the EU fiscal rules; Binding fiscal rules over the medium term

Fiscal policy stance under the EU fiscal rules

Notes:

"This work is published on the responsibility of the Secretary-General of the OECD"--T.p. verso.

OECD code: 12 2013 02 1 P.

Includes bibliographical references.

Description based on online resource; title from PDF title page (ebrary, viewed February 13, 2014).

ISBN:

92-64-20095-9