Cyclical Boom to Continue – Substantial Improvement on the Labour Market. Economic Outlook for 2007 and 2008

Marcus Scheiblecker

Austrian Economic Quarterly, 2007, vol. 12, issue 2, 83-91

Abstract: The Austrian economy will continue to grow strongly this year. After an increase of 3.2 percent in 2006, GDP is expected to expand by 3 percent in real terms in 2007, with accelerating investment offsetting the gradual slowdown of export growth. Private consumption is picking up, though not by as much as in previous cyclical episodes. Lively demand and output growth have a strong positive impact on the labour market, with employment growing swiftly, accompanied by a decline in unemployment. In 2008, growth is expected to gradually tail off.

Date: 2007
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.wifo.ac.at/wwa/pubid/29020 abstract (text/html)
Payment required

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wfo:wquart:y:2007:i:2:p:83-91

Access Statistics for this article

More articles in Austrian Economic Quarterly from WIFO Contact information at EDIRC.
Bibliographic data for series maintained by Florian Mayr ().