OECD Economic Outlook, Volume 2010 Issue 1 - Preliminary version

The OECD Economic Outlook analyses the current economic situation and examines the economic policies required to foster a sustained recovery in member countries. This issue covers the outlook to end-2011 for both OECD countries and selected non-OECD economies. Together with a wide range of cross-country statistics, the Outlook provides a unique tool to keep abreast of world economic developments.



This issue contains three special chapters. Prospects for growth and imbalances beyond the short-term Many countries will have to face up to severe macroeconomic imbalances during the recovery period and beyond. What will be the effects of necessary fiscal consolidation? How can policies contribute to a strong, sustainable and balanced global economy? How do policy requirements differ across OECD and non-OECD countries? Return to work after the crisis The recent recession had a highly differentiated impact on labour markets across the OECD. Why has unemployment risen so much in some countries and so little in others? Is there a risk of a jobless recovery and high unemployment rates becoming locked in? What can be done to get people back into work? Counter-cyclical economic policy The effects of the recent economic crisis have stretched policy frameworks in many OECD countries to breaking point. How can policy settings be strengthened? What lessons have been learnt? What policies would allow economies to withstand large adverse shocks? How is the development of large imbalances and asset price misalignments best avoided?

Table of Contents

CHAPTER 1 GENERAL ASSESSMENT OF THE MACROECONOMIC SITUATION
CHAPTER 2 DEVELOPMENTS IN INDIVIDUAL MEMBER COUNTRIES
CHAPTER 3 DEVELOPMENTS IN SELECTED NON-MEMBER ECONOMIES
CHAPTER 4 PROSPECTS FOR GROWTH AND IMBALANCES BEYOND THE SHORT TERM
CHAPTER 5 RETURN TO WORK AFTER THE CRISIS
CHAPTER 6 COUNTER-CYCLICAL ECONOMIC POLICY