OECD Economic Outlook, Volume 2011 Issue 1
The OECD Economic Outlook is the OECD’s twice-yearly analysis of the major economic trends and prospects for the next two years. Prepared by the OECD Economics Department, the Outlook puts forward a consistent set of projections for output, employment, prices and current balances based on a review of each member country and of the induced effect on each of them on international developments.
Coverage is provided for all OECD member countries as well as for selected non-member countries. Each issue includes a general assessment, chapters summarising developments and providing projections for each individual country, three to five chapters on topics of current interest, and an extensive statistical annex. Subscribers to the print edition also have access to an online edition, published on the internet six to eight weeks prior to the release of the print edition. In addition to the usual macroeconomic and country assessments and statistical annex with projection data, this issue of the OECD Economic Outlook also includes special chapters on the persistence of high unemployment and drivers and vulnerabilities associated with international capital flows.
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Iceland
After a period of severe adjustment to eliminate imbalances and restructure the banking system, the Icelandic economy is projected to begin to grow again in 2011. The recovery is expected to be led by private investment in large energy-intensive projects and strengthening private consumption expenditure. There is considerable uncertainty about the impact of the rejection of the Icesave Agreement on the normalisation of international financial relations and on the attractiveness of Iceland for investment.
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