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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.

English French, German

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Hungary

Economic activity slowed temporarily in 2016, but has since rebounded, fuelled by public investment as the disbursement of EU structural funds resumed. Business investment should expand on the back of inward FDI and emerging capacity constraints. Continued robust private consumption will rely on further employment gains and higher real wages, driven by unemployment at record-low levels. Declining external cost competitiveness will limit gains in export markets.

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