Boom Continuing Amid Rising Risks. Business Cycle Report of August 2007
The Austrian economy grew by 1 percent quarter-on-quarter or 3.8 percent year-on-year in the second quarter, according to the WIFO estimate. Economic activity has thus continued to gather momentum – unlike on EU average. Investment and merchandise exports are the key drivers of the boom, whereas private consumption still shows little signs of a pickup. Real net income per employee is stagnating, with the increase in purchasing power for the most part attributable to strong gains in employment. For the second half of the year, financial market turbulences point to increased international risks.
Volume (Year): 12 (2007)
Issue (Month): 3 (August)
|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
When requesting a correction, please mention this item's handle: RePEc:wfo:wquart:y:2007:i:3:p:135-143. 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.