Gradual Recovery Following Severe Recession. Medium-Term Projections for the Austrian Economy until 2014

Josef Baumgartner, Serguei Kaniovski and Hans Pitlik

Austrian Economic Quarterly, 2010, vol. 15, issue 1, 13-24

Abstract: The global financial and economic crisis will have an adverse effect on Austria's growth in the medium-term. Between 2010 and 2014, gross domestic product will expand by an average of 1.8 percent per year. The recession has lasting effects on the labour market and public finances. The inflation rate will remain low. The forecast assumes that measures to consolidate the public finances are taken as soon as the crisis is overcome in 2011.

Date: 2010
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