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Domestic Demand and Strong Exports Stimulate the Economy

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Author Info
Christian Ragacs () (Oesterreichische Nationalbank)
Johann Scharler () (Oesterreichische Nationalbank)

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Abstract

According to the June 2006 economic outlook of the Oesterreichische Nationalbank (OeNB), Austria’s real gross domestic product (GDP) is expected to grow 2.5% in 2006 and 2.2% in both 2007 and 2008. The OeNB’s growth forecast for 2006 has been revised upward by 0.2 percentage point since the December outlook. Inflation will drop to 1.7% in 2006 (2005: 2.1%) and will fall further to 1.6% in 2007 and 2008. Employment will continue to increase substantially, but so will the labor supply. As a result, the unemployment rate will dip only slightly, to 5.1%.

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File URL: http://www.oenb.at/en/img/mop_2006_2_01_tcm16-45580.pdf
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Publisher Info
Article provided by Oesterreichische Nationalbank (Austrian Central Bank) in its journal Monetary Policy and the Economy.

Volume (Year): (2006)
Issue (Month): 2 (August 2006)
Pages: 6-23
Download reference. The following formats are available: HTML, plain text, BibTeX, RIS (EndNote), ReDIF
Handle: RePEc:onb:oenbmp:y:2006:i:2:b:1

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Postal: P.O. Box 61, A-1011 Vienna, Austria
Phone: +43/1/404 20 7405
Fax: +43/1/404 20 7499
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Web page: http://www.oenb.at
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Postal: Oesterreichische Nationalbank, Documentation Management and Communications Services, Otto-Wagner Platz 3, A-1090 Vienna, Austria
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Related research
Keywords: Economic Forecast Austria.

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This page was last updated on 2008-8-17.

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