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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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Estonia

Growth is projected to slow to 3.2% in 2019 and 2.8% in 2020, as the global outlook softens and the domestic economy runs into capacity constraints. Strong growth of real wages and employment will support household consumption. Export growth will decelerate somewhat due to lower global demand and a loss of price competitiveness. Inflation will fall back as temporary factors wane.

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