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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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Hungary

The strong recovery is projected to slow in line with external demand to slightly above 3% in the next two years. Private consumption will continue to drive growth on the back of strong gains in real incomes. Public investment will decelerate along with declining disbursements from EU structural funds. Capacity constraints will bolster business investment and imports. The tightening labour market continues to push up wage and price inflation.

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