The Austrian economy grew by slightly less than 1 percent in 2002. For 2003, only a gradual recovery of activity should be expected, given the subdued business climate world-wide. GDP growth for Austria, as well as for the euro area, is projected at 1¾ percent, below the medium-term trend.

The improvement of global business conditions is stimulating activity also in Europe in 2004. Driven by strong export growth, GDP in Austria is expected to grow by 1.9 percent, at the same pace as in the euro area. In 2005, while growth of world trade is set to lose momentum, domestic demand...

The cyclical recovery is projected to continue, although being held back by the high euro exchange rate. The Austrian economy is set to grow by 2¼ percent in 2005, somewhat less than expected so far. Global risks deriving from high macro-economic imbalances have increased in recent months. The...

In 2003, the economy will grow by only 0.7 percent. Under the current framework conditions of deficient overall demand in the euro area and a marked depreciation of the dollar vis-à-vis the euro, prospects of a cyclical rebound remain elusive even for 2004. With GDP growth projected at an...

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...

For the third year in a row, the Austrian economy will grow by only around 1 percent in 2003. Adding to the persistent weakness of domestic demand are the economic repercussions of geopolitical instability. For 2004, uncertainties are particularly large, with growth projected to stay below the...

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...