English, Article edition: Cyclical Boom to Continue – Substantial Improvement on the Labour Market. Economic Outlook for 2007 and 2008 Marcus Scheiblecker

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Physical Description
  • article
Language
  • English

Edition details

Title
  • Cyclical Boom to Continue – Substantial Improvement on the Labour Market. Economic Outlook for 2007 and 2008
Author
  • Marcus Scheiblecker
Physical Description
  • article
Notes
  • 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.
  • RePEc:wfo:wquart:y:2007:i:2:p:83-91
  • The strong cyclical activity of last year is extending into 2007. After an increase of 3.2 percent in 2006, real GDP is expected to grow by 3.0 percent this year. While exports are slightly losing momentum, investment is gaining strength. Private household consumption is also picking up, though trailing the overall rate of economic growth. The positive trend on the labour market continues, with a further considerable gain in the number of new jobs and a continued fall in unemployment. In 2008, economic growth is set to moderate to a rate of 2.4 percent.
  • Konjunkturprognose Österreich
  • RePEc:wfo:monber:y:2007:i:4:p:279-289
Language
  • English
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