Strongest Economic Growth in Six Years. Economic Outlook for 2017 and 2018

Marcus Scheiblecker

WIFO Bulletin, 2017, vol. 22, issue 12, 111-122

Abstract: After an acceleration of economic activity in the first half of 2017, latest business surveys do not suggest a further strengthening for Austria. GDP is expected to grow by 2.8 percent in 2017, the highest rate in six years. Despite the appreciation of the euro and a slowing growth momentum in third countries, the euro area should keep a firm upward trend in 2018, driven by the expansionary monetary policy of the ECB and a still untightened fiscal stance. The Austrian economy may grow in 2018 at the same rate as in 2017. From a cyclical perspective, further extension of the current expansionary fiscal policy would not be appropriate.

Keywords: Business Cycle; Economic Outlook; Forecast (search for similar items in EconPapers)
Date: 2017
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