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2017 OECD Economic Outlook, Volume 2017 Issue 1

image of OECD Economic Outlook, Volume 2017 Issue 1

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 how to make trade work for all and a chapter summarising developments and providing projections for each individual country. A statistical annex is available on the web.

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Belgium

Economic growth, which has been subdued, is projected to strengthen in 2017 and 2018. Private investment will be the main driver of growth, in response to high capacity utilisation and favourable financial conditions. A pick-up in international trade will support exports. Private consumption, however, will be moderated by still subdued real wage growth. Tighter labour and product markets will push up inflation in 2018.

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