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Economy Set to Stabilise from Mid-2019. Economic Outlook for 2019 and 2020

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  • Stefan Schiman

Abstract

Under the impact of sluggish global trade, industrial activity in Austria has moved to a downward trend. On major export markets, demand for Austrian manufactures nevertheless proves resilient (USA, CEEC). The temporary setback in German motor car production and its repercussions on Austrian suppliers are gradually subsiding, and the USA-China trade conflict has eased. Moreover, continued solid demand for services helps sustain overall economic activity. Annual average GDP growth in Austria is expected to slow from 2.7 percent in 2018 to 1.7 percent in 2019; from the middle of the year, demand and output are set to stabilise, with growth in 2020 staying around 1.8 percent.

Suggested Citation

  • Stefan Schiman, 2019. "Economy Set to Stabilise from Mid-2019. Economic Outlook for 2019 and 2020," WIFO Bulletin, WIFO, vol. 24(4), pages 28-39, May.
    • Handle: RePEc:wfo:wblltn:y:2019:i:4:p:28-39
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    Cited by:

    1. Josef Baumgartner & Serguei Kaniovski & Hans Pitlik, 2019. "Update of the Medium-term Forecast of the Austrian Economy 2019 to 2023," WIFO Bulletin, WIFO, vol. 24(6), pages 47-56, July.

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