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Recent economic developments and the near-term outlook

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11 March 2014 Recent economic developments and the near-term outlook Rintaro Tamaki Deputy Secretary-General and Acting Chief Economist, OECD


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Ongoing recovery in advanced economies… All data in excel for entire presentation


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… with the OECD’s Composite Leading Indicators pointing to an upswing… All data in excel


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… though not in most EMEs All data in excel


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Advanced economy activity is still being supported by easy financial conditions


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With the recovery of advanced economies, world trade growth has picked up All data in excel


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Recent developments in the United States have been affected by unusual weather All data in excel


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The consumption tax hike will make Japan’s near-term growth profile uneven All data in excel


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Albeit improving, the euro area is still lagging other major advanced economies All data in excel


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OECD interim short-term projections


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OECD Economic Outlook All data in excel


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Trend growth has slowed in emerging economies… Economic Outlook online database


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… and tighter financial conditions may compound that with a cyclical slowdown…


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… and could complicate the recovery for advanced economies Economic Outlook online database


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The dip in momentum in the United States could turn out to be less transitory than expected


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OECD Economic Outlook


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Priorities to support demand and reduce fiscal risks in advanced economies


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Priorities for EMEs to manage weaker demand and greater risk aversion


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Most countries have considerable scope to step up growth-friendly structural reforms


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OECD Economic Outlook


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Key messages


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Additional reading


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