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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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Czech Republic

Economic growth is projected to pick up in 2017. The increase in the minimum wage in January and ongoing strong labour demand will benefit workers and boost consumption. Private and public investment are recovering. Labour shortages will constrain growth in 2018 and add some inflationary pressure, keeping inflation above the 2% target through 2018.

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