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Business Cycle Upswing in Austria. Economic Outlook for 2017 and 2018

Author

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  • Christian Glocker

    (WIFO)

Abstract

From a rate of growth of 1.5 percent in 2016, demand and output in Austria are expected to accelerate significantly in 2017 and 2018. Leading indicators clearly suggest a further strengthening of business activity. Apart from lively internal demand benefitting from benign labour market conditions, foreign trade will rebound and contribute more strongly to GDP growth than in recent months. In this environment, the Austrian economy is expected to expand by 2.0 percent in the current year and 1.8 percent in 2018.

Suggested Citation

  • Christian Glocker, 2017. "Business Cycle Upswing in Austria. Economic Outlook for 2017 and 2018," WIFO Bulletin, WIFO, vol. 22(4), pages 29-42, May.
    • Handle: RePEc:wfo:wblltn:y:2017:i:4:p:29-42
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    Cited by:

    1. Josef Baumgartner & Serguei Kaniovski, 2017. "Update of the Medium-term Forecast for the Austrian Economy 2017 to 2021," WIFO Bulletin, WIFO, vol. 22(5), pages 43-49, June.

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