OECD Economic outlook 2009 - Issue 1 ECONOMIE Series

This June 2009 issue of OECD's twice-yearly OECD Economic Outlook provides analysis of recent economic developments and economic projections for OECD and major non-OECD countries through the end of 2010. Its comprehensive statistical annex is a useful reference tool for international economic comparisons. This issue finds that a recovery is in sight but that damage from the crisis is likely to be long-lasting.

CHAPTER 1. GENERAL ASSESSMENT OF THE MACROECONOMIC SITUATION. Recent developments. Financial markets remain tight in spite of recent improvements. Growth prospects. Policy requirements. CHAPTER 2. DEVELOPMENTS IN INDIVIDUAL OECD COUNTRIES. United States. Japan. Euro Area. Germany. France. Italy. United Kingdom. Canada. Australia. Austria. Belgium. Czech Republic. Denmark. Finland. Greece. Hungary. Iceland. Ireland. Korea. Luxembourg. Mexico. Netherlands. New Zealand. Norway. Poland. Portugal. Slovak Republic. Spain. Sweden. Switzerland. Turkey. CHAPTER 3. DEVELOPMENTS IN SELECTED NON-MEMBER ECONOMIES. Brazil. China. India. Russian Federation. Chile. Estonia. Indonesia. Israel. Slovenia. South Africa. CHAPTER 4. BEYOND THE CRISIS: MEDIUM-TERM CHALLENGES RELATING TO POTENTIAL OUTPUT, UNEMPLOYMENT, AND FISCAL POSITIONS. The effects of the economic crisis on supply-side potential. Adapting the OECD's method of estimating potential output. A medium-term scenario to 2017. STATISTICAL ANNEX. Real GDP. Nominal GDP. Real private consumption expenditure. Real public consumption expenditure. Real total gross fixed capital formation. Real gross private non-residential fixed capital formation. Real gross residential fixed capital formation. Real total domestic demand. Foreign balance contributions to changes in real GDP. Output gaps. Compensation per employee in the private sector. Labour productivity for the total economy. Unemployment rates: commonly used definitions. Harmonised unemployment rates. Labour force, employment and unemployment. GDP deflators. Private consumption deflators. Consumer price indices. Oil and other primary commodity markets. Employment rates, participation rates and labour force. Potential GDP, employment and capital stock. Structural unemployment and unit labour costs. Household Saving Rates. Gross National Saving. General government total outlays. General government total tax and non-tax receipts.General government financial balances. General government cyclically-adjusted balances.General government underlying balances. General government underlying primary balances. General government net debt interest payments. General government gross financial liabilities. General government net financial liabilities. Short-term interest rates. Long-term interest rates. Nominal exchange rates (vis-à-vis the US dollar). Effective exchange rates. Export volumes of goods and services. Import volumes of goods and services. Export prices of goods and services. Import prices of goods and services. Competitive positions: relative consumer prices. Competitive positions: relative unit labour costs. Export performance for total goods and services. Shares in world exports and imports. Geographical structure of world trade growth. Trade balances for goods and services. Investment income, net. Total transfers, net. Current account balances. Current account balances as a % of GDP. Structure of current account balances of major world regions. Export market growth in goods in services. Import penetration. Quarterly demand and output projections. Quarterly price, cost and unemployment projections. Contributions to changes in real GDP in OECD countries.Household wealth and indebtedness. House prices. House price ratios. Central government financial balances. Maasricht definition of general government gross public debt. Monetary and credit aggregates: recent trends.