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....

Growth of the Austrian economy may accelerate to an annual rate of 2.3 percent in the next five years. The average rate would thereby be markedly higher than the 1.6 percent recorded over the period from 1999 to 2004. Activity is receiving substantial stimulus from exports. Austrian firms should...

Real GDP in Austria expanded by no more than 1.1 percent in 2001, as a result of subdued domestic demand and a marked slackening of exports and equipment investment. Driven by a recovery in the USA and supported by low oil prices, activity may stage a strong rebound as from next spring. Under...

Throughout the 1990s, the labour market has shown an unfavourable development, with unemployment noticeably on the increase. Until 1997, the main reasons underlying this development were a relatively low average rate of economic growth, the 1993 recession, and strong productivity increases in...

The Austrian economy is set to expand by 0.7 percent in 2003, significantly below the long-term trend for the third consecutive year. However, unlike in 2001 and 2002, growth is sustained this year by domestic demand. Private consumption and trade volumes have picked up somewhat, as has...

The Austrian economy is suffering from persistently weak overall demand. Thus, GDP will expand by only 0.7 percent this year; a tentative projection for 2004 suggests a growth rate of 1.2 percent. Merchandise export growth is currently losing momentum, because of sluggish activity in key trading...