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External Demand Unable to Secure Export-Driven Recovery. Economic Outlook for 2014 and 2015

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  • Stefan Schiman

Abstract

A further slackening of global trade in the last few months is holding back an export-led recovery in the euro area as well as in Austria. Since many countries have not yet digested the repercussions of the financial market crisis, also domestic demand remains feeble, unlike in the USA. In Austria, real GDP is expected to grow by a modest 0.8 percent in the current year, picking up to 1.2 percent in 2015.

Suggested Citation

  • Stefan Schiman, 2014. "External Demand Unable to Secure Export-Driven Recovery. Economic Outlook for 2014 and 2015," WIFO Bulletin, WIFO, vol. 19(11), pages 100-109, October.
    • Handle: RePEc:wfo:wblltn:y:2014:i:11:p:100-109
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    Economic Outlook;

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