Germany has been enjoying strong economic performance in recent years, building on strengthened domestic demand, good social outcomes and export performance. Exports have benefited from a large, productive and innovative manufacturing sector which has reinforced its position in sectors of long-standing comparative advantage, notably cars, chemical products and machine tools.
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This document describes in detail the OECD Economic Outlook database. It provides the codes and descriptions of all variables, the country codes used, and the definitions of and relations between the variables. It is supplementary to the Sources and Methods of the Economic Outlook.
Current weak labour productivity growth in many OECD countries reflects historically weak contributions from both total factor productivity (TFP) growth and capital deepening.
The paper describes the framework used in long-term economic scenarios for the projection of the saving rate, investment, capital stock and current account.
Forecasts of GDP growth are typically over-optimistic for horizons beyond the current year, particularly because they fail to predict the occurrence or severity of future downturns.
International trade has been a powerful engine of global economic growth and convergence in living standards between countries.
The global economy is expected to pick up moderately but greater efforts are needed to ensure that the benefits from growth and globalisation are more widely shared, according to the OECD’s latest Economic Outlook.
After many years of weak recovery, with global growth in 2016 at the lowest rate since 2009, some signs of improvement have begun to appear.
In 1998 Indonesia embarked on an ambitious course of decentralisation. Over a period of a few years, facilitated by financial transfers from the central government, responsibility for many public services and administrative tasks were devolved to local authorities.
Global GDP growth is projected to pick up modestly to around 3½ per cent in 2018, from just under 3% in 2016, boosted by fiscal initiatives in the major economies.