OECD Economic Outlook, Volume 2017 Issue 2
The OECD Economic Outlook is the OECD's twice-yearly analysis of the major economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, prices, fiscal and current account balances.
Coverage is provided for all OECD member countries as well as for selected non-member countries. This issue includes a general assessment, a special chapter on resilience in a time of high debt, a chapter summarising developments and providing projections for each individual country and a statistical annex.
Euro Area
GDP growth is projected to remain strong, but ease to 1.9% in 2019, supported by the ongoing recovery of global output and trade, accommodative monetary policy and diminished political uncertainty. Growth is broad-based, driven by domestic and external demand. Wage growth is set to remain moderate, and inflation is projected to rise closer to, but still below, 2% by end-2019.