Economy Headed Towards Further Expansion. Business Cycle Report of November 2006

Sandra Steindl

Austrian Economic Quarterly, 2006, vol. 11, issue 4, pages 165-172

Abstract: World economic growth has gained further steam, despite a slowdown in activity in the USA. The upswing set in motion in Europe in spring 2006 is broadly based regionally. In Austria, the growth momentum could also be maintained, with real GDP advancing by 0.9 percent quarter-on-quarter in the third quarter. The impetus prevailing in foreign trade has spread to domestic demand. While investment in machinery and equipment has accelerated, private consumption has remained stable.

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