Strong Cyclical Upswing Losing Momentum. Economic Outlook for 2011 and 2012

Stefan Ederer

in WIFO Economic Outlook from WIFO

Abstract: The business cycle upturn in Austria is set to continue. Lively global demand is driving up exports, and also investment in machinery and equipment should post strong gains over the forecast period. Short-term indicators nevertheless point to some slackening during the remainder of the year. The expansion of the world economy loses steam under the impact of higher raw material and energy prices, a more restrictive stance of monetary policy in some emerging markets, and the continued burden on private households in the USA. The crisis in the euro area is adding to uncertainty on the part of companies and consumers. For the whole year 2011, WIFO expects GDP to grow by around 3.0 percent, followed by +1.8 percent in 2012. External cyclical risks have increased over the last few months.

Keywords: WIFO; Economic; Outlook (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.wifo.ac.at/wwa/pubid/42172 abstract (text/html)

Related works:
Journal Article: Strong Cyclical Upswing Losing Momentum. Economic Outlook for 2011 and 2012 (2011)
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:wkprog:42172

Access Statistics for this book

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