Economic Outlook No 103

The OECD Economic Outlook analyses the major economic trends over the coming 2 years It provides in depth coverage of the main economic issues and the policy measures required to foster growth in each member country Forthcoming developments in major non OECD economies are also evaluated in detail Each edition of the Outlook provides a unique resource to keep abreast of world economic developments The OECD Economic Outlook database is a comprehensive and consistent macroeconomic database of the OECD economies, covering expenditures, foreign trade, output, labour markets, interest and exchange rates, balance of payments, and government debt For the non OECD regions, foreign trade and current account series are available The database contains annual data for all variables and quarterly figures for a subset of variables Variables are defined in such a way that they are as homogenous as possible for the countries covered Breaks in underlying series are corrected as far as possible Sources for the historical data are publications of national statistical agencies and OECD statistical publications such as Quarterly National Accounts, Annual National Accounts, Labour Force Statistics and Main Economic Indicators The cut off date for information used in the compilation of the projections was the 25 May 2018 Concerning the aggregation of world trade, a new composition has been introduced, since projections are now made for the major non OECD economies Thus, besides OECD and the OECD euro area, the following new regions are available Dynamic Asian Economies Chinese Taipei, Hong Kong, Malaysia, the Philippines, Singapore, Thailand, Vietnam Oil Producers Azerbaijan, Kazakhstan, Turkmenistan, Brunei, Timor Leste, Bahrain, Iran, Iraq, Kuwait, Libya, Oman, Qatar, Saudi Arabia, United Arab Emirates, Yemen, Ecuador, Trinidad and Tobago, Venezuela, Algeria, Angola, Chad, Rep of Congo, Equatorial Guinea, Gabon, Nigeria, Sudan with the remaining countries in a residual Rest of the World group