Oecd Economic Outlook December 1994/No 56 (OECD Economic Outlook)

OECD's assessment of recent economic developments and its projections for the next two years. Opening with a general assessment of the economic situation in OECD countries, this edition of the "OECD Economic Outlook" goes on to examine uncertainties about the projected pattern of growth and what can be done to ensure a durable expansion. Another chapter reviews the methods used to estimate potential output and presents estimates of output gaps and structural budget balances. The chapter on international trade surveys some broad, longer-term trends in international trade patterns. Chapters on individual OECD countries (including Mexico) provide forecasts and more detailed information on specific countries. A section on non-OECD countries looks at recent developments in Central and Eastern Europe and the New Independent States, China and the Dynamic Asian Economies, and Latin America. INTRODUCTION OECD ECONOMIC OUTLOOK AND POLICIES -General Assessment of the Economic Situation -Recent Developments and Prospects -Uncertainties about the Projected Pattern of Growth -Ensuring a Durable Expansion -Medium-Term Developments in OECD Countries -Estimating Potential Output, Output Gaps and Structural Budget Balances -Trends in International Trade DEVELOPMENTS IN INDIVIDUAL OECD COUNTRIES -United States -Japan -Germany -France -United Kingdom -Italy -Canada -Australia -Austria -Belgium -Denmark -Finland -Greece -Iceland -Ireland -Luxembourg -Mexico -Netherlands -New Zealand -Norway