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OECD Economic Outlook, Volume 2009 Issue 1

OECD Economic Outlook, Volume 2009 Issue 1

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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.Table of Content : EDITORIAL-Nearing the Bottom? by Jorgen Elmeskov CHAPTER 1. GENERAL ASSESSMENT OF THE MACROECONOMIC SITUATION-Overview-Recent developments-Financial markets remain tight in spite of recent improvements-Growth prospects-Policy requirements-Appendix 1.A1. Size, timing and composition of fiscal packages 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-Introduction and sumary-The effects of the economic crisis on supply-side potentialAdapting the OECD's method of estimating potential output-A medium-term scenario to 2017 STATISTICAL ANNEX-1. Real GDP-2. Nominal GDP-3. Real private consumption expenditure-4. Real public consumption expenditure-5. Real total gross fixed capital formation-6. Real gross private non-residential fixed capital formation-7. Real gross residential fixed capital formation-8. Real total domestic demand-9. Foreign balance contributions to changes in real GDP-10. Output gaps-11. Compensation per employee in the private sector-12. Labour productivity for the total economy-13. Unemployment rates: commonly used definitions-14. Harmonised unemployment rates-15. Labour force, employment and unemployment-16. GDP deflators-17. Private consumption deflators-18. Consumer price indices-19. Oil and other primary commodity markets-20. Employment rates, participation rates and labour force-21. Potential GDP, employment and capital stock-22. Structural unemployment and unit labour costs-23. Household Saving Rates-24. Gross National Saving-25. General government total outlays-26. General government total tax and non-tax receipts-27. General government financial balances-28. General government cyclically-adjusted balance-29. General government underlying balances-30. General government underlying primary balances-31. General government net debt interest payments-32. General government gross financial liabilities-33. General government net financial liabilities-34. Short-term interest rates-35. Long-term interest rates-36. Nominal exchange rates (vis-a-vis the US dollar)-37. Effective exchange rates-38. Export volumes of goods and services-39. Import volumes of goods and services-40. Export prices of goods and services-41. Import prices of goods and services-42. Competitive positions: relative consumer prices-43. Competitive positions: relative unit labour costs-44. Export performance for total goods and services-45. Shares in world exports and imports-46. Geographical structure of world trade growth-47. Trade balances for goods and services-48. Investment income, net-49. Total transfers, net-50. Current acco