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.

English Also available in: French, German

Euro area

Economic growth is expected to remain subdued, due to weak external demand and low business confidence, which weighs on private investment. Moderate support to economic activity will come from private consumption, underpinned by a robust labour market, with unemployment declining slightly further and wage growth firming up modestly. Core inflation will pick up only gradually from low levels. Monetary policy is set to remain very accommodative and a slightly expansionary fiscal stance is expected. The large external surplus will decline very slightly.

English Also available in: German, French



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