OECD
Abstract
Economic growth has been robust, but is projected to weaken somewhat in 2020 and 2021. Exports have been hit by slowing demand from key trading partners. Higher growth of private consumption and investment compared to exports is expected going forward. Private consumption – the most important driver of growth – is set to continue to expand due to rising real wages.
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Economic growth has been robust, but is projected to weaken somewhat in 2020 and 2021. Exports have been hit by slowing demand from key trading partners. Higher growth of private consumption and investment compared to exports is expected going forward. Private consumption – the most important driver of growth – is set to continue to expand due to rising real wages.
Key concepts: Private consumption, Consumption (sociology), Investment (military), Economics, Business, Key (lock), International economics, Monetary economics