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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United States
The economy continues the recovery that began in mid-2009, although net job creation has been positive only since the beginning of 2010. Corporate profits have turned up, particularly in the financial sector, but bank lending conditions have not fully normalised. The speed of the recovery is projected to remain moderate through 2011 as households continue to rebuild net worth and the unemployment rate declines slowly.
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