Macro - Country Economic Forecasts - Austria
Description
We expect Austria's GDP will grow by 0.7% next year as momentum builds and the economy recovers from stagnation. But it will take more to reach a sustainable growth trajectory. The labour market is weak and inflation still too high. Industry will slowly emerge from its trough, helped by domestic demand, but a loss of competitiveness weighs on the outlook.
Table of Contents
8 Pages
- Austria: Growth momentum builds but more is needed
- Forecast overview
- Recent developments
- Short-term outlook
- Key drivers of our short-term forecast
- Economic risk
- Economic risk evaluation
- Risk warnings
- What to watch out for
- Exposure to key global risks
- Long-term prospects
- Alternative long-run scenarios
- Background
- Economic development
- Structure of the economy
- Balance of payments and structure of trade
- Policy
- Politics
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