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During the projection period of 1999–2004, the Austrian GDP is expected to average a growth of 2.5 percent p.a. in real terms. It will thus grow at a marginally lower rate than the EU average, as measures expected to be taken to consolidate the Austrian budget will act as a slight brake....
Persistent link: https://www.econbiz.de/10005032734
With a projected annual rate of 2.3 percent the Austrian economy will grow less than expected so far. Real GDP growth will lag slightly behind the mark of 2.4 percent observed between 2002 and 2007. The present downturn of the US business cycle will continue to weigh on activity in the euro area...
Persistent link: https://www.econbiz.de/10005019572
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...
Persistent link: https://www.econbiz.de/10004975112
At 1.3 percent per year the Austrian economy will expand only half as rapidly in 2009-2013 as in 2004-2008 (2.7 percent per year). The current forecast period is characterised by very heterogeneous developments: during 2009 and 2010 the Austrian economy will be fully hit by the international...
Persistent link: https://www.econbiz.de/10004976451
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...
Persistent link: https://www.econbiz.de/10004978442
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...
Persistent link: https://www.econbiz.de/10005000754
Between 2008 and 2012, real GDP in Austria will grow at an annual average rate of 2.3 percent. From 2010 onwards, the Austrian economy is expected to benefit from tax cuts and an economic recovery in the euro area.
Persistent link: https://www.econbiz.de/10005059330
Real GDP in Austria will grow on average by 2.5 percent per year until 2011, which is a much faster pace than in the past six years when expansion was retarded by the sluggish European economy and slow domestic demand. Acceleration of medium-term growth will be somewhat faster in Austria than on...
Persistent link: https://www.econbiz.de/10005059374
Over the period from 2003 to 2008, real GDP in Austria is expected to grow by about 2.3 percent per year, slightly faster than in the euro area as a whole. Notably the tax reform, EU enlargement and investment in the knowledge base should secure a small growth advantage vis-à-vis the EU. The...
Persistent link: https://www.econbiz.de/10005032719
The global economic crisis will slow down Austria's economic growth over the medium term. Over the period from 2009 to 2013, real GDP is expected to grow on average by 1.3 percent p.a. The cyclical downturn will have a negative impact on the labour market and public finances, while keeping...
Persistent link: https://www.econbiz.de/10005032738