Driven by exports and investment, demand and output in Austria are growing by 2.6 percent in volume in 2006, the highest rate since 2000. By contrast, the momentum of private consumption remains subdued, despite the boost to net incomes from the tax reform. The jump in oil prices is hardly...

The strong cyclical activity of last year is extending into 2007. After an increase of 3.2 percent in 2006, real GDP is expected to grow by 3.0 percent this year. While exports are slightly losing momentum, investment is gaining strength. Private household consumption is also picking up, though...

In 2006, the Austrian economy benefited from the cyclical upswing in Europe. The implicit growth impulse translated in the course of the year into higher investment demand. Domestic demand will drive activity also in 2007, even if the "echo effect" from the positive one-off factors at work in...

Towards the end of 2013, activity rebounded in Austria as well as in Europe overall. However, the momentum promises to remain subdued: many countries are still struggling with the repercussions of the financial market crisis, and the need for consolidation of government households is restraining...

In the wake of the international economic crisis, Austrian exports have fallen precipitously year-on-year since early 2009. Yet, the fiscal counter-action taken in the industrialised countries is showing early positive effects. Not only in Austria, but in the entire euro area and the USA,...

For the first time since World War II, the global economy is in recession. Demand and output will fall markedly in the world's major economic zones. Also Austria should experience a fall of GDP by 2.2 percent in real terms in 2009, despite fiscal policy taking massive counter-action. While...

Following an increase by 3.1 percent in 2007, economic growth in Austria will moderate to 2 percent this year. While demand and output in the first half of 2008 were clearly more dynamic than in the euro area as a whole, the momentum has slowed steadily since the beginning of the year....

Die Wachstumsprognosen für 2005 und 2006 bleiben unverändert, aber das Risiko einer ungünstigeren Entwicklung ist größer geworden. Der weitere Konjunkturverlauf ist im Euro-Raum unsicher, da die Export- und Gewinnsteigerungen bisher noch nicht die erwartete Ausweitung von Investitionen und...

The business cycle upturn that started in 2005 is continuing throughout the current year. After an increase of 3.1 percent in 2006, real GDP is expected to expand by 3.2 percent in 2007. While export growth is gradually decelerating, investment is gaining momentum to become the key driver of the...

As from the second semester 2005, favourable business conditions worldwide have set in motion a cyclical upswing in Austria, which has been gaining strength in the current year. Demand incentives have been transmitted from exports to domestic investment, thereby fostering the sustainability of...