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Cyclical Slackening from High Level of Activity. Economic Outlook for 2018 to 2020

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  • Stefan Schiman-Vukan

Abstract

From the current strong pace driven by industrial output, construction and services, economic growth in Austria is set to ease somewhat in 2019. While business investment is showing early signs of weakening, private household income and consumption will benefit from solid wage increases and a lower tax burden. With fewer jobs being created, the reduction of unemployment will lose momentum. The general government balance will turn to a surplus in the years to come.

Suggested Citation

  • Stefan Schiman-Vukan, 2019. "Cyclical Slackening from High Level of Activity. Economic Outlook for 2018 to 2020," WIFO Bulletin, WIFO, vol. 24(1), pages 1-13, March.
    • Handle: RePEc:wfo:wblltn:y:2019:i:1:p:1-13
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