Against the background of a cooling global economy, the Austrian economy continued to grow at a robust pace in the fourth quarter of 2007. General business activity expanded by 0.7 percent in real terms quarter-on-quarter, according to WIFO's latest flash estimates. Export-oriented industrial production was once more the engine of growth, whereas private consumption rose only modestly. Employment followed the buoyant economic activity with the usual lag and posted clear gains in January. For the current quarter, the results of WIFO's business survey suggest a decline in industrial activity; besides, rising consumer prices are dampening consumer confidence.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Publisher Info
Article provided by WIFO in its journal Quarterly.