Economic Growth in Austria at 3¼% in 2007

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

Monetary Policy & the Economy, 2007, issue 2, 6–26

Abstract: According to the economic outlook of the Oesterreichische Nationalbank (OeNB), Austria’s real GDP will grow by 3.2% in 2007, by 2.7% in 2008 and by 2.3% in 2009. The OeNB’s growth forecasts for 2007 and 2008 have been revised upward by 0.4 and by 0.3 percentage point, respectively, since the December 2006 outlook. At 1.7%, the inflation rate in 2007 will stay unchanged against the previous year. In 2008, inflation will come to 1.8% and rise to 1.9% in 2009. Employment growth will continue to remain animated, significantly reducing the unemployment rate from 4.8% in 2006 to 4.2% in 2009.

Keywords: forecast; Austria (search for similar items in EconPapers)
JEL-codes: C5 E17 (search for similar items in EconPapers)
Date: 2007
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