While the cyclical downturn has come to a halt since mid-2009, the recovery is set to remain subdued. Goods exports and manufacturing output benefit from the rebound of world trade and the upswing in Asia as well as from the strengthening activity in trading partner countries in western Europe....

Underpinned by expansionary economic policy, global economic activity has stabilised, with world trade expanding vigorously since the summer. In Austria, real GDP grew at a seasonally adjusted quarter-on-quarter rate of 0.9 percent in the third quarter, according to provisional calculations....

In 2009, the Austrian economy contracted by 3.4 percent in volume. Goods exports, manufacturing output and investment in business equipment fell particularly strongly, while private consumption proved resilient, edging up slightly. Driven by the expansionary monetary and fiscal policy stance...

Benefiting from brisk external demand, Austria's manufacturing sector continued its recovery also in the autumn: in September, production was 11 percent higher than during the trough in May 2009, and the results of the WIFO business cycle survey suggest that production activity remained lively...

While the economy has indeed stabilised after its deep slump from mid-2008 to mid-2009, the recovery has not yet gained traction. In the first quarter of 2010, Austria's economy stagnated compared with both the fourth quarter of 2009 (–0.1 percent) and the previous year (+0.2 percent)....

Driven by a recovery of exports and industrial output, economic growth has been gaining momentum since mid-1999. Rising private consumption continues to give firm support to the business cycle; next year, the tax reform and higher family benefits will provide additional stimulus to private...

GDP in Austria is projected to grow by 2.1 percent in volume this year, markedly down from the pace observed in the last two years when growth almost reached 3½ percent respectively. Next year, the momentum may moderate further, to an annual increase of 1.7 percent. The forecast, particularly...

Expansion of foreign demand will continue to be the driving force behind economic activity in 1997 and 1998, providing stimulus notably to industrial production and to investment in machinery and equipment. Domestic demand should stay weak under the impact of fiscal policy restriction. With real...

GDP growth in Austria is projected to remain below its long-term trend. Main reasons are sluggish activity abroad and restrictive demand effects of Europe-wide fiscal consolidation. Nevertheless, a cyclical recovery may be expected to come primarily from exports. Domestic private consumption...

Strong growth of merchandise exports and of machinery and equipment investment characterize the business cycle in 1998. Austrian GDP is set to increase by 3 percent in volume. With new jobs being created to a large number and income growth resuming, private consumption should strengthen....