Growing at an annual rate of 2.5 percent until 2011, the Austrian economy will show a significantly stronger performence as compared to the past six years when a weak economy in Europe and slack domestic demand retarded expansion. In the medium run, Austria will see its growth acceletaring at a...

The Austrian economy is expected to grow by 2.1 percent per year until 2010, exceeding the average rate for the euro area. The increase in external demand and the high competitiveness of domestic companies will drive exports in the years to come. The upgrading of the transportation...

Economic growth in Austria could accelerate to 2.3 percent annually in real terms over the next five years. At such a pace, the average growth rate would thus be significantly higher than in 1999–2004 (+1.6 percent). The chief momentum comes from exports. Domestic enterprises should profit...

In the course of 2004, cyclical stimulus from the USA will lead to a recovery also in Europe that should continue over the whole projection period. The major risk derives at present from the high euro exchange rate which may hold back the momentum of the European economy. Under such external...

For the coming years, WIFO envisages the recovery in Europe, and specifically in Austria, to be rather sluggish in nature. It will be primarily the global economy which can be expected to deliver the requisite momentum for an upswing, which, however, is subject to considerable risks. Both in the...

The Austrian economy is about to enter a phase of cyclical upturn that should last until 2004, when growth may rise above 3 percent. For 2005 and 2006, a marked slowdown should be expected. The business cycle is determined primarily by international developments exerting a direct impact on...

Over the period 2001-2005, GDP in Austria is projected to grow at an annual average 2.4 percent in volume, closely in line with the pace expected for the EU as a whole (+2.5 percent). In the early part, economic growth will be held back by the international cyclical weakness. In the following,...

The improving economic environment in the European Union also has a positive impact on Austria. In the forecasting period of 1999 to 2004, its real GDP is expected to grow by 2.5 percent p.a. on average, slightly less than the European average. According to the international scenario for...

A stronger international competitive position and brisk domestic demand will have a positive impact on the Austrian economy in the next years. Assuming that the international financial crisis will be temporary in its detrimental effect and that the public budget consolidation policy will...