OECD economic outlook 99 99 /
The OECD Economic Outlook is the OECD's twice-yearly analysis of the major economic trends and prospects for the next two years.
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Corporate Author: | |
Format: | eBook |
Language: | Inglés |
Published: |
Paris :
OECD Publishing
[2016]
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Edition: | 2016th ed |
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See on Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009705916506719 |
Table of Contents:
- Intro
- Table of contents
- Summary of projections
- Editorial: Policymakers: Act now to break out of the low-growth trap and deliver on our promises
- Chapter 1. General Assessment of the Macroeconomic Situation
- Introduction
- Economic prospects and risks
- Figure 1.1. Global GDP growth is set to remain subdued
- Figure 1.2. Non-OECD import volume growth collapsed in 2015
- Figure 1.3. Financial conditions in major advanced economies have become less supportive
- Table 1.1. The global recovery will gain momentum only slowly
- Figure 1.4. GDP growth projections for the major economies
- Table 1.2. OECD labour market conditions will improve slowly
- Figure 1.5. Labour market outcomes are improving slowly
- Figure 1.6. Weak investment and productivity growth have hit potential output growth
- Figure 1.7. Capital stock growth and the investment rate will pick up from low levels
- Figure 1.8. Investment growth is expected to strengthen in the euro area and the United States
- Figure 1.9. The composition of total investment growth in advanced countries will continue to differ
- Figure 1.10. Contributions to the annual growth of OECD and non-OECD import volumes
- Table 1.3. World trade growth remains very weak
- Figure 1.11. China is on-shoring its value chain
- Figure 1.12. Stronger trade growth would help to boost productivity
- Figure 1.13. Broad measures of labour market slack remain elevated
- Figure 1.14. Participation rates have risen but labour force growth has slowed in several countries
- Figure 1.15. The relationship between wage growth and unemployment has changed in some countries
- Figure 1.16. Energy prices have pulled down inflation across the OECD
- Figure 1.17. The unemployment gap has recently contributed little to price inflation
- Box 1.1. Financial market shocks from Brexit.
- The impact of financial shocks on real GDP by 2018
- Figure 1.18. Credit has increased substantially in some large EMEs
- Figure 1.19. EME's external vulnerabilities have increased due to exchange rate depreciations
- Policy requirements
- Figure 1.20. Real short and long-term interest rates have been low or negative
- Box 1.2. Effects of central bank negative interest rates
- Interest rates have become negative across different maturities
- Characteristics of negative interest rate frameworks
- Figure 1.21. The slope of the yield curve has declined
- Figure 1.22. Some central banks have become dominant holders of domestic government bonds
- Figure 1.23. Markets have become pessimistic about the outlook for banks
- Figure 1.24. Fiscal stances in OECD countries
- Box 1.3. Conditions for an increase in public investment to lift growth in OECD economies
- Long-term effect of a sustained increase in public investment by 0.5% of GDP
- Box 1.4. Structural reform priorities in difficult macroeconomic conditions
- Bibliography
- Annex 1.1. Policy and other assumptions underlying the projections
- Annex 1.2 Indicators of potential financial vulnerabilities
- Bibliography
- Table 1.A2.1. Indicators of potential financial vulnerabilities
- Table 1.A2.2. Financial-accounts-related risk factors to financial stability
- Chapter 2. Promoting Productivity and Equality: A Twin Challenge
- Summary
- Introduction
- The twin challenge: Slowing productivity and rising inequality
- Figure 2.1. Productivity growth has declined since the 1990s
- Figure 2.2. Labour income of the typical worker has grown less than productivity
- Figure 2.3. The redistributive power of taxes and transfers has declined since the 1990s
- Figure 2.4. Disposable income inequality has increased since 1990.
- Figure 2.5. Labour productivity growth has been low during the cyclical downturn after the global financial crisis
- Figure 2.6. The productivity gap between the globally most productive firms and other firms has widened
- Figure 2.7. Labour income inequality and productivity dispersion across firms are positively correlated
- Policies to promote productivity and equality
- Table 2.1. The effects on growth, productivity and equality vary across different public spending policies
- Figure 2.8. Changing the spending structure in favour of public investment can deliver large income gains for households across the distribution
- Figure 2.9. Reduced regulation in network industries has increased income across the distribution
- Figure 2.10. Reduced regulation in network industries has increased labour market transitions for low-income groups
- Figure 2.11. Equity finance has been more favourable to growth than credit finance
- Conclusion
- Figure 2.12. The financial sector wage premium¹ increases along the earnings distribution
- Bibliography
- Chapter 3. Developments in Individual OECD and Selected Non-Member Economies
- Australia
- Austria
- Belgium
- Brazil
- Canada
- Chile
- China
- Colombia
- Costa Rica
- Czech Republic
- Denmark
- Estonia
- Euro Area
- Finland
- France
- Germany
- Greece
- Hungary
- Iceland
- India
- Indonesia
- Ireland
- Israel
- Italy
- Japan
- Korea
- Latvia
- Lithuania
- Luxembourg
- Mexico
- Netherlands
- New Zealand
- Norway
- Poland
- Portugal
- Russia
- Slovak Republic
- Slovenia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Kingdom
- United States
- Statistical Annex
- Annex Tables
- Annex Table 1. Real GDP
- Annex Table 2. Nominal GDP
- Annex Table 3. Real private consumption expenditure
- Annex Table 4. Real public consumption expenditure.
- Annex Table 5. Real total gross fixed capital formation
- Annex Table 6. Real gross private non-residential fixed capital formation
- Annex Table 7. Real gross residential fixed capital formation
- Annex Table 8. Real total domestic demand
- Annex Table 9. Foreign balance contributions to changes in real GDP
- Annex Table 10. Quarterly demand and output projections
- Annex Table 11. Contributions to changes in real GDP in OECD countries
- Annex Table 12. Output gaps
- Annex Table 13. GDP deflators
- Annex Table 14. Private consumption deflators
- Annex Table 15. Consumer price indices
- Annex Table 16. Oil and other primary commodity markets
- Annex Table 17. Compensation per employee
- Annex Table 18. Labour productivity
- Annex Table 19. Employment and labour force
- Annex Table 20. Labour force, employment and unemployment
- Annex Table 21. Unemployment rates: national definitions
- Annex Table 22. Harmonised unemployment rates
- Annex Table 23. Quarterly price, cost and unemployment projections
- Annex Table 24. Potential GDP and productive capital stock
- Annex Table 25. Structural unemployment and unit labour costs
- Annex Table 26. Household saving rates
- Annex Table 27. Gross national saving
- Annex Table 28. Household wealth and indebtedness
- Annex Table 29. General government total outlays
- Annex Table 30. General government total tax and non-tax receipts
- Annex Table 31. General government financial balances
- Annex Table 32. General government cyclically-adjusted balances
- Annex Table 33. General government underlying balances
- Annex Table 34. General government underlying primary balances
- Annex Table 35. General government net debt interest payments
- Annex Table 36. General government gross financial liabilities
- Annex Table 37. General government net financial liabilities.
- Annex Table 38. Maastricht definition of general government gross public debt
- Annex Table 39. Short-term interest rates
- Annex Table 40. Long-term interest rates
- Annex Table 41. Nominal exchange rates (vis-à-vis the US dollar)
- Annex Table 42. Effective exchange rates
- Annex Table 43. Nominal house prices
- Annex Table 44. Real house prices
- Annex Table 45. House price-to-rent ratio
- Annex Table 46. House price-to-income ratio
- Annex Table 47. Export volumes of goods and services
- Annex Table 48. Import volumes of goods and services
- Annex Table 49. Export prices of goods and services
- Annex Table 50. Import prices of goods and services
- Annex Table 51. Indicators of competitiveness based on relative consumer prices
- Annex Table 52. Indicators of competitiveness based on relative unit labour costs
- Annex Table 53. Export market growth in goods and services
- Annex Table 54. Export performance for total goods and services
- Annex Table 55. Import penetration
- Annex Table 56. Shares in world exports and imports
- Annex Table 57. Geographical structure of world trade growth
- Annex Table 58. Trade balances for goods and services
- Annex Table 59. Balance of primary income
- Annex Table 60. Balance of secondary income
- Annex Table 61. Current account balances
- Annex Table 62. Current account balances as a percentage of GDP
- Annex Table 63. Structure of current account balances of major world regions.