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Strongest Economic Growth in Six Years. Economic Outlook for 2017 and 2018

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  • Marcus Scheiblecker

Abstract

After an acceleration of economic activity in the first half of 2017, latest business surveys do not suggest a further strengthening for Austria. GDP is expected to grow by 2.8 percent in 2017, the highest rate in six years. Despite the appreciation of the euro and a slowing growth momentum in third countries, the euro area should keep a firm upward trend in 2018, driven by the expansionary monetary policy of the ECB and a still untightened fiscal stance. The Austrian economy may grow in 2018 at the same rate as in 2017. From a cyclical perspective, further extension of the current expansionary fiscal policy would not be appropriate.

Suggested Citation

  • Marcus Scheiblecker, 2017. "Strongest Economic Growth in Six Years. Economic Outlook for 2017 and 2018," WIFO Bulletin, WIFO, vol. 22(12), pages 111-122, November.
    • Handle: RePEc:wfo:wblltn:y:2017:i:12:p:111-122
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    Cited by:

    1. Josef Baumgartner & Serguei Kaniovski, 2018. "The Austrian Economy 2018 to 2022. Update of the Medium-term Forecast," WIFO Bulletin, WIFO, vol. 23(6), pages 45-54, July.
    2. Josef Baumgartner & Serguei Kaniovski & Hans Pitlik & Stefan Schiman, 2017. "Significantly Improved Growth Prospects. Medium-term Forecast for the Austrian Economy until 2022," WIFO Bulletin, WIFO, vol. 22(16), pages 155-172, December.

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