2020 OECD Economic Outlook, Volume 2020 Issue 1

image of OECD Economic Outlook, Volume 2020 Issue 1

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 of the macroeconomic situation, a series of notes on the macroeconomic and structural policy issues related to the COVID-19 outbreak and a chapter summarising developments and providing projections for each individual country.

English Also available in: German, French


GDP is projected to decrease by 8.6% in 2020, should a second virus outbreak take place by the end of 2020, while it would fall by 6.5% should a second wave of the pandemic be avoided. These negative shocks will have a long‑lasting impact on the economy in both scenarios, with GDP remaining below its pre‑crisis level at the end of 2021. The recovery will be slower in case of a second outbreak due to a more pronounced deterioration of the labour market and steeper losses in productive capacity.

English Also available in: French



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