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As a result of the persistent weakness of domestic demand, manifest in the stagnation of retail trade sales and a decline in construction activity, the development in the export sector is of particular importance for the future course of the economy. According to the WIFO business survey, the...
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. In Austria too, confidence in the business sector has been growing for months. In particular, production expectations and … last year. In an international comparison, Austria claims a high rank in terms of price stability: on the Harmonised … the changeover to euro cash money may have added to inflation, that has not been the case in Austria. As could be expected …
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The Austrian economy is set to grow by slightly less than 1 percent this year and by over 2 percent in 2003. The risks surrounding the recovery of the business cycle, to which WIFO had pointed in its forecast of last June, have materialised. The slide in stock market values has undermined...
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construction business will benefit from reconstruction efforts. The business surveys conducted in Austria convey a message that is … fiscal policy stance, which may weigh on economic activity not only in Germany, but also in Austria and Europe as a whole …
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The Austrian economy is expected to grow by slightly over 1 percent this year, and by more than 2½ percent in 2003. This projection by WIFO has been upheld since last December. It is supported by a tentative rebound in activity in the first quarter and the recent trend in leading indicators....
Persistent link: https://www.econbiz.de/10004978766
The Austrian economy continues to suffer from sluggish demand. Export growth is declining and industrial enterprises tend to remain pessimistic about their business opportunities. Consumer demand is unlikely to stimulate the economy. The construction industry, however, is on the upswing.
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Business surveys in Germany and Austria point to a tentative pick-up in expectations for the months to come. However …
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