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The present issue covers the outlook to end 2015 for both OECD countries and selected non OECD economies. Together with a wide range of cross-country statistics, the Outlook provides a unique tool to keep abreast of world economic developments.
Norway’s economy has continued to prosper, but the financial system needs to be resilient against possible systemic risk, and a vibrant entrepreneurial culture will be important to maintain sustainable growth in the future.
The adjustment following the crisis has been particularly painful in Southern European countries, including Spain.
India has rebounded swiftly after the global economic crisis, but is experiencing a slowdown in economic growth since 2012.
South Africa has experienced a relatively weak recovery from the great economic crisis compared to other BRIICS countries.
The adjustment following the crisis has been particularly painful in Southern European countries, including Italy.
Germany’s recent economic performance has been solid, with record low unemployment rates and sound fiscal position, which sets it apart from many European countries.
Like many other European countries, France faces key challenges in the job market. Productivity is relatively high but growing slowly, and the economy is held back by persistently high unemployment and low participation of older workers.
Australia has weathered the global economic crisis relatively well and enjoyed robust growth in per capita income, fostered by favourable terms of trade and high employment rates. However, productivity gains have slowed in recent years and the level remains below that of leading OECD countries.
El ajuste producido como resultado de la crisis ha sido especialmente doloroso en países del sur de Europa, como España.