Economic Outlook for 2006 and 2007: Cautious Recovery of Domestic Demand

Markus Marterbauer

in WIFO Economic Outlook from WIFO

Abstract: Austria's economy is expected to expand by 2.4 percent in real terms this year, slightly faster than the euro area average. Exports and manufacturing output continue to drive activity forward, and a revival of investment in machinery and equipment is deemed imminent. Higher wage settlements and low inflation will allow private household spending to recover. The labour market is shaped by a strong increase in part-time jobs and rising labour supply. The number of unemployed should decline this year, due to public expenditure on training measures being reinforced.

Keywords: WIFO; Economic; Outlook (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:wfo:wkprog:26414

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