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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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United Kingdom

Economic activity is expected to grow slightly above 1% this year and next under the assumption that there is a smooth transition and exit from the European Union after 2020. Brexit-related uncertainties will keep holding back investment until there is clarity about future trading arrangements. Consumption will decelerate in line with slower employment gains. The economy should nonetheless benefit from a supportive fiscal stance this year and the modest recovery in global growth in 2020. Inflation should converge to 2% by the end of 2020.

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