The fiscal stance is expected to be broadly neutral, exerting a smaller drag on activity than in past years. The government is nevertheless on track to attain its medium-term goal of balancing the budget. Financial conditions will remain supportive overall. Structural reforms should prioritise making economic growth more inclusive by getting more people back into work and revamping the tax and benefit system.
GDP growth | |||
2013 Current prices EUR billion |
2016
|
2017 % real change |
2018
|
180.0 | 4.3 | 3.2 | 2.3 |
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©OECD Observer No 308 Q4 2016