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2017 OECD Economic Outlook, Volume 2017 Issue 2

image of 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.

 

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China

Growth has strengthened somewhat in 2017, driven by services and some strategic industries, but is projected to soften in 2018-19, as exports decelerate. Industrial production growth has been picking up and profits have improved on the back of higher producer prices. The share of processing trade is declining but demand for services, in particular on account of tourism and foreign intellectual property, will remain high. Exports will slow somewhat but remain robust, making for a stable current account surplus. Infrastructure investment will also remain strong, notably to meet the targets of regional development initiatives. Housing investment will slow somewhat following a series of measures to restrict demand.

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