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


Economic growth is projected to decline to 2% in 2019, but to recover to 2.5% in 2020. Domestic demand will support economic activity, notably private consumption, which will be held up by a resilient labour market and continuing effects of the tax reform. Slow growth in the euro area will weigh on exports of financial and non‑financial services. Continued job creation will primarily benefit cross-border workers, but also help to reduce the unemployment rate to just above 5%.

English Also available in: French, German



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