Economic Outlook for 1991 and 1992: Cyclical Downturn Continuing Into Next Year
The business cycle in Austria is gradually losing momentum. Earlier signs of weaker confidence and fewer industrial orders have been confirmed by recent data for exports and manufacturing output. In particular, foreign demand from Germany is slackening with no recovery to be expected before the turn of the year. However, domestic demand will stay firm and together with a pickup in other foreign markets should keep the economy on the growth track. Current account equilibrium and a high degree of price stability will be maintained.
Prognose für 1991 und 1992. Konjunkturabschwung hält über die Jahreswende an; Economic Outlook for 1991 and 1992: Cyclical Downturn Continuing Into Next Year
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