Strong Cyclical Upswing Losing Momentum. Economic Outlook for 2011 and 2012
The business cycle upturn in Austria is set to continue. Lively global demand is driving up exports, and also investment in machinery and equipment should post strong gains over the forecast period. Short-term indicators nevertheless point to some slackening during the remainder of the year. The expansion of the world economy loses steam under the impact of higher raw material and energy prices, a more restrictive stance of monetary policy in some emerging markets, and the continued burden on private households in the USA. The crisis in the euro area is adding to uncertainty on the part of companies and consumers. For the whole year 2011, WIFO expects GDP to grow by around 3.0 percent, followed by +1.8 percent in 2012. External cyclical risks have increased over the last few months.
Volume (Year): 84 (2011)
Issue (Month): 7 (July)
|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:7:p:451-464. 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 references are entirely missing, you can add them using this form.