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Cyclical Upturn Gaining Full Momentum – Solid Growth also in 2007. Economic Outlook for 2006 and 2007

  • Marcus Scheiblecker

    (WIFO)

As from mid-2005, strong global economic activity gave impetus to Austrian exports. In early 2006, the growth impulse was transmitted to investment, as corporate spending on both equipment and construction picked up markedly. In 2007, economic growth in Austria is expected to lose some momentum, due to slackening activity abroad and temporary stimulating factors in Germany wearing off. A revival of consumer demand will, however, strengthen the domestic forces of growth.

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Article provided by WIFO in its journal Quarterly.

Volume (Year): 11 (2006)
Issue (Month): 4 (November)
Pages: 156-164

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Handle: RePEc:wfo:wquart:y:2006:i:4:p:156-164
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