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2020 OECD Economic Outlook, Volume 2020 Issue 2

image of OECD Economic Outlook, Volume 2020 Issue 2

The COVID-19 pandemic will cast a long shadow over the world’s economies and the economic outlook is very uncertain. This issue of the OECD Economic Outlook analyses the impacts of COVID-19 on the economy and puts forward projections for output, employment, prices, fiscal and current account balances.

This issue includes a general assessment of the macroeconomic situation, a series of notes on the current policy challenges related to the COVID-19 pandemic and a chapter summarising developments and providing projections for each individual country. Coverage is provided for all OECD members as well as for selected partner economies.

English Also available in: French, German

Colombia

Growth has rebounded in many sectors of the economy, with the notable exception of tourism and entertainment. Unemployment is already starting to see a moderate decline. After a fall of 8¼ per cent in 2020, GDP is projected to rise by 3½ per cent in 2021 and 3¾ per cent in 2022, helped by low interest rates and fiscal stimulus. Inflation will be contained, owing to substantial spare capacity.

English Also available in: French

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