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Consumption Boosting Economic Growth in Austria. Economic Outlook for 2016 and 2017

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  • Stefan Ederer

Abstract

For the first time in four years, domestic consumption is becoming a main driver of economic growth. Next to the tax reform, which raises private household incomes, expenditure in support of refugees will give a boost to aggregate demand in 2016 and 2017. Annual GDP growth, projected at 1.7 percent respectively, is set to accelerate markedly from the last few years.

Suggested Citation

  • Stefan Ederer, 2016. "Consumption Boosting Economic Growth in Austria. Economic Outlook for 2016 and 2017," WIFO Bulletin, WIFO, vol. 21(1), pages 1-11, February.
    • Handle: RePEc:wfo:wblltn:y:2016:i:1:p:1-11
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    File URL: https://www.wifo.ac.at/wwa/pubid/58716
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    Cited by:

    1. Josef Baumgartner & Serguei Kaniovski, 2016. "Update of the Medium-term Forecast for the Austrian Economy from 2016 to 2020," WIFO Bulletin, WIFO, vol. 21(6), pages 58-64, June.

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