IDEAS home Printed from https://ideas.repec.org/a/onb/oenbmp/y2017iq2-17b1.html
   My bibliography  Save this article

2017 marked by accelerated economic growth and declining unemployment – Economic outlook for Austria from 2017 to 2019 (June 2017)

Author

Listed:
  • Christian Ragacs

    (Oesterreichische Nationalbank, Economic Analysis Division)

  • Klaus Vondra

    (Oesterreichische Nationalbank, Economic Analysis Division)

Abstract

Austria’s economy is recovering, with both domestic and foreign demand driving the rebound. Having accelerated by 1.4% in 2016, real GDP is projected to grow by 2.2% in 2017, 1.7% in 2018 and 1.6% in 2019. These figures represent upward revisions of 0.7 and 0.2 and 0.1 percentage points, respectively, versus the OeNB’s December 2016 outlook. The unemployment rate is forecast to decline to 5.4% by 2019 from the historic peak of 6.0% seen in 2016. The inflation rate is expected to rise to 2.0% in 2017 and to reach 1.8% in both 2018 and 2019.

Suggested Citation

  • Christian Ragacs & Klaus Vondra, 2017. "2017 marked by accelerated economic growth and declining unemployment – Economic outlook for Austria from 2017 to 2019 (June 2017)," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue Q2/17, pages 6-31.
    • Handle: RePEc:onb:oenbmp:y:2017:i:q2/17:b:1
    as

    Download full text from publisher

    File URL: https://www.oenb.at/dam/jcr:750e782e-9b0b-4f13-bd06-753f9d256e04/mop_2017_q2_analyses_ragacs_vondra.pdf
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:onb:oenbmp:y:2017:i:q2/17:b:1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Rita Glaser-Schwarz (email available below). General contact details of provider: https://edirc.repec.org/data/oenbbat.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.