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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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Latvia

Economic growth slowed in the first half of 2019 and is projected to remain moderate. Weak world trade will be a drag on growth, while investment growth will ease to a more sustainable pace following an exceptional surge in the disbursement of EU funds. Private consumption will continue to play a key role in maintaining growth, supported by the strong labour market. Inflation will gradually decrease towards 2%.

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