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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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South Africa

Economic growth will remain sluggish throughout 2019 and 2020. Private consumption will expand on the back of moderate increases in real wages and disposable household income. Policy uncertainty around the land reform is assumed to fade with a clarification of the reform agenda following the general election, and investment is projected to pick up as confidence recovers. Exports will improve, benefitting from the recovery in international commodity prices. Inflation will pick up moderately due to rising food and electricity prices.

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