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Economic Growth in Austria at 3¼% in 2007 - Economic Outlook for Austria from 2007 to 2009 (June 2007)

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Author Info
Gerhard Fenz () (Oesterreichische Nationalbank)
Christian Ragacs () (Oesterreichische Nationalbank)
Martin Schneider () (Oesterreichische Nationalbank)

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Abstract

According to the economic outlook of the Oesterreichische Nationalbank (OeNB), Austria’s real GDP will grow by 3.2% in 2007, by 2.7% in 2008 and by 2.3% in 2009. The OeNB’s growth forecasts for 2007 and 2008 have been revised upward by 0.4 and by 0.3 percentage point, respectively, since the December 2006 outlook. At 1.7%, the inflation rate in 2007 will stay unchanged against the previous year. In 2008, inflation will come to 1.8% and rise to 1.9% in 2009. Employment growth will continue to remain animated, significantly reducing the unemployment rate from 4.8% in 2006 to 4.2% in 2009. JEL classification: C5, E17

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Publisher Info
Article provided by Oesterreichische Nationalbank (Austrian Central Bank) in its journal Monetary Policy and the Economy.

Volume (Year): (2007)
Issue (Month): 2 (August 2007)
Pages: 6-26
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Handle: RePEc:onb:oenbmp:y:2007:i:2:b:1

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Related research
Keywords: forecast Austria.

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


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