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High Price Competitiveness of Austrian Exporters and Recovery of Private Consumption Support Economic Activity-Economic Outlook for Austria from 2005 to 2007 (December 2005)

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Abstract

According to the December 2005 economic outlook of the Oesterreichische Nationalbank (OeNB), Austria's real gross domestic product (GDP) is projected to increase by 1.9% in 2005. Economic growth is then expected to accelerate to 2.3% in 2006 and in 2007. Inflation according to the Harmonised Index of Consumer Prices (HICP) will quicken temporarily to 2.2%in 2005 as a result of the rise in the price of oil and services and then moderate to 1.9% in 2006 and further to 1.7% in 2007.

Suggested Citation

  • Gerhard Fenz & Martin Schneider, 2005. "High Price Competitiveness of Austrian Exporters and Recovery of Private Consumption Support Economic Activity-Economic Outlook for Austria from 2005 to 2007 (December 2005)," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 4, pages 6-28.
    • Handle: RePEc:onb:oenbmp:y:2005:i:4:b:1
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    1. Jürgen Janger & Claudia Kwapil & Wolfgang Pointner, 2005. "The Determinants of Consumption Growth in Austria – Results of a Representative Survey," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 3, pages 48-65.
    2. Alois Guger & Markus Marterbauer, 2005. "Langfristige Tendenzen der Einkommensverteilung in Österreich," WIFO Monatsberichte (monthly reports), WIFO, vol. 78(9), pages 615-628, September.
    3. Georg Feigl & Markus Marterbauer & Miriam Rehm, 2012. "Einkommensverteilung und Krise," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 38(2), pages 357-367.
    4. repec:clr:wugarc:y:2012:v:38i:2p:357 is not listed on IDEAS
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    Keywords

    Forecast; Austria.;

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