EURO AREA - OECD

3. DEVELOPMENTS IN INDIVIDUAL OECD AND SELECTED NON-MEMBER ECONOMIESOECD ECONOMIC outlook , VOLUME 2018 ISSUE1 PRELIMINARY VERSION OECD 2018135 euro AREAE conomic growth in the euro area is set to continue at a relatively dynamic pace ofjust above 2 per cent over 2018-19. Accommodative monetary policy, fiscal support andimproving labour markets are supporting domestic demand, notably through dynamicprivate consumption. Investment is strengthening, on the back of favourable financingconditions, strong global demand and the need to expand capacity. Inflation is expectedto strengthen gradually, as slack policy should be firmly committed to remaining accommodative as longas needed to attain the inflation objective, while preparing for a gradual euro area fiscal stance is projected to be slightly expansionary in both 2018 and2019.

3. developments in individual oecd and selected non-member economies oecd economic outlook,volume 2018 issue1–preliminary version © oecd 2018 135 euro area

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