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.
Germany
GDP growth slowed considerably in 2018 - as world trade lost pace and important export markets decelerated sharply, adding to temporary supply disruptions in the car and chemicals sectors towards the end of the year. GDP is projected to grow at 0.7% in 2019 and 1.2% in 2020. Mounting political uncertainties regarding trade disputes and Brexit are weighing on business confidence. Export growth and business investment are thus expected to slow. Yet, record low unemployment and strong wage growth should continue to buttress private consumption and the construction sector is booming.