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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.

English French, German

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France

Growth will remain moderate at 1.2% in 2020-21, driven by domestic demand. Resilient job creation, notably for jobs with permanent contracts, tax cuts and the impact of the social emergency measures will raise household disposable income and consumption. Supportive financing conditions and high business profit margins will damp the slowdown in investment, despite weak and uncertain global economic conditions. The unemployment rate will decline slowly towards 8.1% at the end of 2021, while core inflation and wages will strengthen only slightly.

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