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.
Japan
Growth is estimated to have picked up to 1.5% in 2017, aided by stronger international trade and fiscal stimulus. Although fiscal consolidation is set to resume in 2018, growth is projected to remain close to 1% in 2018 and 2019, as export growth remains robust. Employment is projected to peak in 2018 as the decline in the working-age population accelerates. Sustained above-potential growth will boost inflation to 1% in 2018 and around 1½ per cent in 2019 (excluding the impact of the increase in the consumption tax rate).
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