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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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Russia

Growth is projected to continue at a moderate pace. Private consumption and investment will benefit from a boost to confidence from higher oil prices and sound macroeconomic policies which have improved financial conditions. Limits on oil production from the OPEC+ agreement will constrain export growth. Modest income growth keeps inequality and poverty high. Oil price uncertainty, international sanctions, and the post‑presidential election agenda weigh on the outlook.

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