Apart from lively internal demand, foreign trade will rebound and contribute more strongly to GDP growth than in recent months.
From a rate of growth of 1.5 percent in 2016, demand and output in Austria are expected to accelerate significantly
in 2017 and 2018. Leading indicators clearly suggest a further strengthening of business activity. In this environment, the
Austrian economy is expected to expand by 2.0 percent in the current year and 1.8 percent in 2018.
In spite of increasing research funding, Austria remains behind Europe’s leading innovation countries in all areas of performance
The performance of higher education institutions and the growth of innovative young firms are particularly worrisome.
One explanation is that leading innovation countries spend their money differently. They invest much more in higher education
institutions and don’t subsidise research in firms as much.More >
In the best bidding process, public authorities often rely on price rather than quality criteria.
In Austria, most public orders are placed by means of the best bidding principle, in contrast to the low-cost carrier
principle. However, in no other Western European country, price-neutral criteria are given less weight in the best bidding
process than in Austria. This is the result of a recent WIFO study.More >