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2019 OECD Economic Outlook, Volume 2019 Issue 1

image of OECD Economic Outlook, Volume 2019 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 the effects of digitalisation on productivity and a chapter summarising developments and providing projections for each individual country.

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Belgium

Economic growth is projected to slow to around 1¼ per cent in 2019 and 2020 as export growth weakens. Private consumption will be an important driver of growth, owing to employment gains and increased purchasing power of households. Government investment will be strong in 2020, and private investment will support growth over the projection period. Headline inflation will ease as past pressures, such as rising electricity prices, dissipate, but core inflation will edge up.

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