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Growth prospects for Austria are weakening

Author

Listed:
  • Christian Ragacs

    (Oesterreichische Nationalbank, Economic Analysis Division)

  • Klaus Vondra

    (Oesterreichische Nationalbank, Economic Analysis Division)

Abstract

In its economic outlook for Austria of December 2007, the Oesterreichische Nationalbank (OeNB) expects Austria’s real GDP to increase by 3.3% in 2007. In 2008 and 2009, real GDP will grow by 2.5% and 2.3%, respectively. The rate of inflation will rise to 2.1% in 2007 and increase further to 2.4% in 2008 and will decrease again to 1.8% in 2009. Employment growth will remain strong, and the unemployment rate will decrease to 4.2% in 2008.

Suggested Citation

  • Christian Ragacs & Klaus Vondra, 2007. "Growth prospects for Austria are weakening," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 4, pages 6-28.
    • Handle: RePEc:onb:oenbmp:y:2007:i:4:b:1
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    File URL: https://www.oenb.at/dam/jcr:78dc8529-841f-4937-8ead-efea698bf3d9/prognose_mop_4_07_tcm16-80411.pdf
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    More about this item

    Keywords

    forecast; Austria.;

    JEL classification:

    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications

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