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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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Argentina

The economy will recover gradually from the financial market turmoil in 2018. A strong currency depreciation has exacerbated high inflation, denting real incomes and investor confidence. Contractive macroeconomic policies and policy uncertainty in the run-up to the October 2019 elections will weigh on the recovery of domestic demand. However, exports will continue to lead the economy out of the recession, supported by the weaker real exchange rate and a strong harvest, although their strength will be severely limited by slow world trade growth. Unemployment is projected not to recede before 2020.

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