Sluggish Cyclical Recovery. Economic Outlook for 2010 and 2011
As from mid-2009, economic activity in Austria stabilised, supported by exports and manufacturing output. Yet, the tentative rebound has not gained momentum, notably because the turnaround has so far not extended to private investment. Real GDP is therefore expected to grow by no more than 1.3 percent in the current year. In 2011, fiscal consolidation is to set in, whose impact on aggregate demand is as yet largely unknown. WIFO expects for 2011 real GDP growth of 1.4 percent, unemployment rising to 7.7 percent of the dependent labour force, an inflation rate of 1.8 percent and a general government deficit of 4 percent of GDP.
If you experience problems downloading a file, check if you have the proper application to view it first. 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.
Volume (Year): 83 (2010)
Issue (Month): 4 (April)
|Contact details of provider:|| Postal: Arsenal Object 20, A-1030 Wien|
Phone: (+43 1) 798 26 01-0
Fax: (+43 1) 798 93 86
Web page: http://www.wifo.ac.at/
More information through EDIRC
|Order Information:|| Postal: Austrian Institute of Economic Research Publikationsverkauf und Abonnentenbetreuung Arsenal, Objekt 20 A-1030 Vienna/Austria|