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2019 OECD Economic Outlook, Volume 2019 Issue 2

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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Romania

After the strong expansion in recent years, growth is projected to slow to 3.2% in 2020 and then increase to 3.7% in 2021. While wages will return to single‑digit growth, private consumption is expected to remain robust, sustained by significant increases in public pensions. The trade deficit will increase further due to weak foreign demand and lower price competitiveness. Investment growth will remain at a moderate pace, supported by higher absorption of EU funds.

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