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2018 OECD Economic Outlook, Volume 2018 Issue 1

image of OECD Economic Outlook, Volume 2018 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 policy challenges from closer international trade and financial integration, and a chapter summarising developments and providing projections for each individual country and a statistical annex.

 

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Growth is projected to remain strong, as domestic demand, notably private consumption, is boosted by strong wages and exports of financial and other business services. The accommodative monetary policy stance in the euro area will support access to credit and valuations of financial assets. Continued strong job creation, even though partly benefitting cross‑border workers, is projected to reduce unemployment further to 5½ per cent.

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