OECD Economic Outlook, Volume 2010 Issue 1
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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.
In addition to the themes featured regularly, this issue contains three special chapters. The first covers prospects for growth & imbalances beyond the short-term, the second covers return to work after the crisis, and the third examines counter cyclical economic policy.
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Greece
The Greek economy is in a protracted recession in the wake of the global crisis and as needed fiscal austerity takes hold. The rate of decline in real GDP is projected to diminish over the projection period, reflecting improvements in external demand. Economic slack and rising unemployment will keep inflation very low.
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