Austria’s Economy Will Continue to Grow Dynamically in 2007

Gerhard Fenz () and Martin Schneider ()
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Gerhard Fenz: Oesterreichische Nationalbank, Economic Analysis Divison, http://www.oenb.at

Monetary Policy & the Economy, 2006, issue 4, 6–25

Abstract: According to the economic outlook of the Oesterreichische Nationalbank (OeNB), Austria’s real gross domestic product (GDP) is expected to grow by 3.3% in 2006 and by 2.8% and 2.4% in 2007 and 2008, respectively. The OeNB’s growth forecasts for 2006 and 2007 have been revised upward by 0.8 and 0.6 percentage point, respectively, since the June 2006 outlook. Inflation will drop to 1.7% in 2006 and will fall further to 1.4% in 2007. A slight increase to 1.6% is forecast for 2008. Employment will continue to increase substantially, significantly reducing the unemployment rate from 5.2% in 2005 to 4.7% in 2008.

Keywords: Economic developments; Economic outlook; Austria (search for similar items in EconPapers)
JEL-codes: C5 E17 (search for similar items in EconPapers)
Date: 2006
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