DEVELOPMENTS IN INDIVIDUAL OECD AND SELECTED NON-MEMBER ECONOMIES

摘要

Economic activity is set to rebound later in the year and growth is projected at 2% in 2018 and 2.6% in 2019, supporting further declines in unemployment However, recently, the exchange rate has depreciated significantly amidst declining confidence and capital flight. The authorities have reacted with higher interest rates, exchange rate interventions, an accelerated fiscal adjustment and negotiations with multilateral lenders. Inflation has rebounded due to hikes in administered prices, currency depreciation and higher inflation expectations. This limits household real income growth and, together with weather-related declines in agricultural output, will dent growth in 2018.