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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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France

Economic growth is projected to be 1.3% in 2019-20. Global economic conditions will weigh on exports, but tax cuts and the impact of the social emergency measures are holding up disposable income and consumption. Supportive financing conditions and higher business profit margins will moderate a deceleration of investment. Ongoing labour market reforms will also help job creation and promote inclusiveness. The unemployment rate will decline towards 8.5% at the end of 2020, while core inflation will strengthen only slightly.

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