English, Article edition: Exports and Investment Adding Momentum to Cyclical Activity. Economic Outlook for 2006 and 2007 Marcus Scheiblecker; Ewald Walterskirchen

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Bookmark: http://trove.nla.gov.au/version/100899
Physical Description
  • article
Language
  • English

Edition details

Title
  • Exports and Investment Adding Momentum to Cyclical Activity. Economic Outlook for 2006 and 2007
Author
  • Marcus Scheiblecker
  • Ewald Walterskirchen
Physical Description
  • article
Notes
  • Driven by exports and investment, demand and output in Austria are growing by 2.6 percent in volume in 2006, the highest rate since 2000. By contrast, the momentum of private consumption remains subdued, despite the boost to net incomes from the tax reform. The jump in oil prices is hardly giving rise to second-round effects via wage increases, thereby holding back inflation, but also real income gains. In 2007, the one-off effects from Germany will turn negative, slowing GDP growth in Austria to 2.1 percent.
  • Konjunkturprognose Österreich
  • RePEc:wfo:monber:y:2006:i:7:p:491-502
  • Austria's GDP is set to grow by 2.6 percent in 2006 and 2.1 percent in 2007. Exports, but also investment in machinery and equipment are stimulating business activity this year. The front-loading of purchases in Germany will have positive spill-over effects also in Austria in 2006. However, in 2007 the rise in the German VAT rate will have a dampening impact. Despite the jump in oil prices, headline inflation will remain moderate in 2006 and 2007. Employment is rising markedly, even the number of full-time jobs. Unemployment is declining in 2006, helped by a reinforcement of labour market policy measures; in 2007 it is set to rebound with the expected cuts in training measures.
  • Economic Outlook Austria
  • RePEc:wfo:wquart:y:2006:i:3:p:114-124
Language
  • English
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