OECD economic outlook
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...
| Autores Corporativos: | , |
|---|---|
| Formato: | Libro electrónico |
| Idioma: | Inglés |
| Publicado: |
Paris :
OECD
2013.
|
| Colección: | OECD economic outlook,
94 (November 2013) |
| Materias: | |
| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009706653706719 |
Tabla de Contenidos:
- 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
