OECD Economic Outlook, Volume 2010 Issue 1
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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Ireland
After a severe recession in 2009, the economy appears to be close to a turning point. The recovery will nevertheless be externally driven, as unwinding the imbalances created during the economic boom will continue to restrain consumption and investment for some time. This suggests that a broadlybased revival will take some time to emerge. By contrast, the contribution of exports to growth will be increased by the improvement of external competitiveness.
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