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Economy Headed Towards Further Expansion. Business Cycle Report of November 2006

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  • Sandra Bilek-Steindl

Abstract

World economic growth has gained further steam, despite a slowdown in activity in the USA. The upswing set in motion in Europe in spring 2006 is broadly based regionally. In Austria, the growth momentum could also be maintained, with real GDP advancing by 0.9 percent quarter-on-quarter in the third quarter. The impetus prevailing in foreign trade has spread to domestic demand. While investment in machinery and equipment has accelerated, private consumption has remained stable.

Suggested Citation

  • Sandra Bilek-Steindl, 2006. "Economy Headed Towards Further Expansion. Business Cycle Report of November 2006," Austrian Economic Quarterly, WIFO, vol. 11(4), pages 165-172, December.
    • Handle: RePEc:wfo:wquart:y:2006:i:4:p:165-172
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