Country Economic Forecasts - Austria
Signs are mounting that Austrian economic growth may have passed its peak as the boost from global trade starts to fade. Sentiment has come off its highs and hard data may have started to soften slightly as well. Yet we still think that Q1 GDP growth should be a very solid 0.6%, only modestly down from Q4’s 0.8%, as surging employment points to healthy domestic fundamentals. Overall, 2018 GDP growth is expected to slow modestly to 2.5% from 3.1% in 2017, before slowing to 1.6% in 2019.
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