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...

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....

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...