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Table of Contents; Summary of projections; Editorial: Multiple paths to recovery; Chapter 1.General Assessment of the Macroeconomic Situation; Summary; Introduction; Table 1.1. The global recovery will gain momentum only slowly; Key forces acting; Figure 1.1. There are divergent trends amongst the m...

Figure 1.6. Consumer confidence remains soft outside JapanTable 1.2. Debt indicators in the household sector; Figure 1.7. Net investment is weak relative to output growth; Table 1.3. Selected product market reform recommendations in OECD and BRIICS countries; Table 1.4. Housing market developments h...

Figure 1.8. Underlying inflation pressures are likely to divergeFigure 1.9. Actual and predicted changes in employment growth; Table 1.5. OECD labour market conditions are diverging and weak overall; Figure 1.10. Labour market slack is diverging and large overall; Table 1.6. Selected reform recommen...

Scenarios for global current account imbalancesScenarios for imbalances in major trading regions; Figure 1.12. Relative unit labour costs are now adjusting in the euro area; Figure 1.13. Intra-euro area trade imbalances have narrowed; Risks to the outlook; Figure 1.14. Current account balances and p...

Recent active macro-prudential measures in selected OECD countries and BRIICSEconomic policy requirements in the major countries; Table 1.8. Fiscal positions will continue to improve; Figure 1.15. The composition of fiscal consolidation is set to change; Bibliography; Chapter 2.Developments in Indiv...

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