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Tentative, But Fragile Recovery. Economic Outlook for 2014 to 2016

Author

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  • Christian Glocker

    (WIFO)

Abstract

After the stagnation prevailing since spring 2014, economic activity in Austria will remain subdued also in early 2015. Leading indicators have lately given no firm hopes for a cyclical rebound. From a short-term perspective, the conditions for a normal recovery of demand and output in Austria are hardly in place. Developments may turn more favourable only in 2016, when the weaker euro exchange rate, low commodity prices and a pick-up in global activity will give fresh momentum to the domestic economy. Austria's real GDP is projected to grow by 0.4 percent in 2014, 0.5 percent in 2015 and 1.1 percent in 2016.

Suggested Citation

  • Christian Glocker, 2015. "Tentative, But Fragile Recovery. Economic Outlook for 2014 to 2016," WIFO Bulletin, WIFO, vol. 20(1), pages 1-13, February.
    • Handle: RePEc:wfo:wblltn:y:2015:i:1:p:1-13
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    Cited by:

    1. Josef Baumgartner & Serguei Kaniovski & Hans Pitlik, 2015. "Economic Growth Remains Subdued, with High Unemployment Persisting. Medium-term Projection for the Austrian Economy until 2019," WIFO Bulletin, WIFO, vol. 20(12), pages 130-144, September.

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