2019 OECD Economic Outlook, Volume 2019 Issue 2

Preliminary version

image of OECD Economic Outlook, Volume 2019 Issue 2

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 series of focus notes on selected macroeconomic and structural issues, and a chapter summarising developments and providing projections for each individual country.

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Growth is projected to ease to 2.8% in 2020 and to 2.3% in 2021, amid subdued investment and persistent weakness in the euro area, which will hamper further export dynamism. Solid private consumption growth will underpin domestic demand. The buoyant labour market will keep creating jobs, though at a decelerating pace and benefitting primarily cross-border workers. Consequently, the unemployment rate is projected to decline only slightly.

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