Domestic Upswing Strengthened by Investment Demand. Business Cycle Report of September 2006

Marcus Scheiblecker

Austrian Economic Quarterly, 2006, vol. 11, issue 3, 147-155

Abstract: Global economic growth is still continuing at a robust pace and has by now spread to all major economic regions. The impetus to foreign trade stemming from this development continues to provide a stimulus to the euro area economies including the Austrian economy, which has been benefiting continually from buoyant exports. Recent data shows growth has begun to spread increasingly to investment demand. Private household consumption, while growing steadily, does not yet appear to be gathering momentum.

Date: 2006
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