Growth is Gaining Momentum Owing to Exports, Domestic Demand Remains Sluggish. Medium-term Forecast for the Austrian Economy until 2015
Led by a dynamic export growth real GDP in Austria grew by 2 percent in 2010. Between 2011 until 2015 the Austrian economy is expected to grow by 2.2 percent. The annual growth rate of trend output will average at 1.7 percent in the forecast period, ¼ percentage point below the average of the 10 years before the crisis. The world economy has overcome the cyclical trough sooner than anticipated and expanded by 4.5 percent in 2010. This growth rate is expected to persist during the period from 2011 to 2015. The revival of world trade will cause an increase of Austrian exports by an average of 6.2 percent per year. As import growth is slightly lower at 5.8 percent, net exports will contribute to GDP growth. The pick-up in export activity in 2010 failed to spur investment (–3.1 percent) sufficiently as capacity utilisation remained low at the beginning of the year. Owing to the sustained and dynamic export growth, investment activity is expected to pick up in the forecast period and gross fixed capital formation will expand by an average of 2.9 percent per year.
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): 84 (2011)
Issue (Month): 1 (January)
|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|
When requesting a correction, please mention this item's handle: RePEc:wfo:monber:y:2011:i:1:p:49-62. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ilse Schulz)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.