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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The recovery has recently slowed despite favourable financial conditions but growth is projected to pick up to 2¼ per cent in 2020. An ambitious pension reform proposal to ensure long-term fiscal sustainability has been submitted to Congress, but uncertainty about the implementation of the reform remains. If this uncertainty dissipates, domestic demand is projected to accelerate and unemployment to decline. Given ample spare capacity, inflation is expected to remain below target.

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