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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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UNDER EMBARGO  

Estonia

Growth is projected to slow from 3.2% in 2019 to 2.2% in 2020 and 2021, as exports are hit by weak global demand. Consumption is projected to hold up despite slowing real wage growth, as household finances are strong after years of increasing real wages and employment. Buoyant investment, notably in housing, will fall back to moderate levels. Inflation will stabilise somewhat above 2% as the economy cools.

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