OECD Economic Outlook 2011, Volume 90.

\"\"Table of Contents\"\"
 \"\"Summary of projections\"\"
 \"\"Editorial: The Policy Imperative: Rebuild Confidence\"\"
 \"\"Chapter 1. General Assessment of the Macroeconomic Situation\"\"
 \"\"Summary\"\"
 \"\"Introduction\"\"
 \"\"Table 1.1. The global recovery has lost momentum\"\"
 \"\"Key forces acting\"\"
 \"\"Figure 1.1. Business surveys point to a much weaker outlook\"\"
 \"\"Figure 1.2. Equity markets have weakened again\"\"
 \"\"Figure 1.3. It has become more expensive to insure unsecured bank debt against default\"\"
 \"\"Figure 1.4. Investors are now discriminating strongly across euro area sovereign bonds\"\" \"\"Figure 1.5. Overall financial conditions have been hit in the euro area\"\"\"\"Box 1.1. Risk awareness, uncertainty and confidence\"\"
 \"\"The implications of confidence and uncertainty for expenditure growth\"\"
 \"\"The muddling-through projection\"\"
 \"\"Box 1.2. Policy and other assumptions underlying the projections\"\"
 \"\"Figure 1.6. Global growth is heavily dependent on the non-OECD economies\"\"
 \"\"Box 1.3. The anchoring of inflation expectations and the risk of deflation\"\"
 \"\"Sensitivity of various measures of inflation expectations to headline inflation\"\" \"\"Figure 1.7. Underlying inflation is likely to moderate\"\"\"\"Table 1.2. OECD labour market conditions are no longer improving\"\"
 \"\"Figure 1.8. Considerable labour market slack is set to persist\"\"
 \"\"Figure 1.9. Global imbalances remain elevated\"\"
 \"\"Table 1.3. World trade is slowing and imbalances remain\"\"
 \"\"Policies in the muddling-through projection\"\"
 \"\"Figure 1.10. The composition of fiscal consolidation plans\"\"
 \"\"Table 1.4. Fiscal positions will improve only slowly\"\"
 \"\"Box 1.4. The decisions taken at the October 2011 Euro summit and EU Council meeting\"\" \"\"Alternative scenarios for the euro area\"\"\"\"Table 1.5. Bank exposure to Greek sovereign and total debt\"\"
 \"\"Figure 1.11. Official loans to the governments of Greece, Ireland and Portugal\"\"
 \"\"Table 1.6. EU / IMF Programme countries : Funding needs and sources\"\"
 \"\"Figure 1.12. Belgium, Italy and Spain: the impact of higher interest rates on consolidation needs\"\"
 \"\"Table 1.7. Stress-tested banks� exposures to Belgian, Italian and Spanish debt\"\"
 \"\"Table 1.8. US and Japanese banks: Exposure to programme and vulnerable euro countries\"\" \"\"Box 1.5. Calibrating a stylised downside scenario in the euro area\"\"\"\"Financial conditions in a stylised euro area downside scenario\"\"
 \"\"Uncertainty and consumer confidence in a stylised euro area downside scenario\"\"
 \"\"Private sector demand in a stylised euro area downside scenario\"\"
 \"\"A stylised euro area downside scenario: macroeconomic model simulation results\"\"
 \"\"Figure 1.13. Belgium, Italy, Spain and euro area programme countries: bond-market size, government funding needs and banks\' holding of sovereign bonds\"\"
 \"\"Box 1.6. Calibrating a stylised upside scenario in the euro area\"\"