These interactive charts show the latest forecasts for Real GDP,
inflation, domestic demand or unemployment rates by country.
View the presentation with summary of projections.
What does it mean for you ?
We pay more for the products we buy, companies sell less, and jobs are lost. 14 million jobs in the US, 12 million in
Germany and 9 million in Japan depend on exports. For US consumers, recently announced 25% tariff hikes on Chinese imports
will add another 75 dollars on to the cost of a 300-dollar TV.
Why is growth so weak?
Trade tensions have disrupted growth. With uncertainty high and confidence low,
investment has suffered, and the manufacturing sector has taken a hit.
Laurence Boone, OECD Chief Economist
Trade tensions and rising tariffs have hit confidence. Investment is low and although the services sector is holding up, manufacturing output has weakened.
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What does it mean for you ?
If the US imposes 25% tariffs on cars imported from the EU,
American consumer prices for foreign vehicles will rise by 9% on average.
And the European automotive sector would lose sales and jobs.
What are the risks?
Key risks include a prolonged period of higher tariffs between the US and China,
new trade barriers between the US and EU, a sharper slowdown in China, prolonged sub-par
growth in Europe and financial vulnerabilities from high debt.
Over the past months, euro area trade has stalled, and exports from Japan,
Korea and South-East Asia to China have shrunk. New tariffs on all US-China trade would further depress trade and growth.
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What does it mean for you ?
Fast internet is increasingly key to the way we work and consume,
but only 1 in 14 people across the OECD have a fibre broadband subscription. People in rural areas have even less.
What needs to be done?
Governments must intensify international dialogue to restore confidence,
and invest to prepare for tomorrow’s challenges: better skills and infrastructure for a digital world are sorely needed.
Laurence Boone, Chief Economist
Public investment collapsed after the financial crisis and still has not recovered.
A lack of skills and infrastructure help explain why digital technologies have failed to lift productivity and wages.
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The Future of Work is now
Digital technologies are increasingly present in our lives.
To reap the benefits, workers need to gain new skills.
Businesses need to change how they are organised and how they use resources.
If we do not act, we risk leaving people behind.