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.
Euro area
Growth is projected to remain subdued, with little prospects of a recovery over the coming two years. Modest growth in external demand, global trade tensions and policy uncertainty will limit the pick-up in exports and business investment. Household saving is expected to continue to rise, further weakening the prospects for demand growth. Inflation will remain low.
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