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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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Latvia

Economic growth is projected to remain strong and broad‑based. Exports are strengthening as prospects in EU countries and Russia are improving. Stronger exports and EU structural fund transfers are boosting investment. High wage growth will underpin household consumption. Unemployment is projected to fall only gradually due to skill and regional mismatches between workers and jobs. The current account deficit is projected to increase as strong domestic demand boosts imports.

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