Economic Outlook: Business Cycle Upswing in Austria

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.
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Innovation: Spend more on research in universities, not just in firms (German)

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 >

Best bidder principle: Austria lagging behind (German)

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 >

The research groups at WIFO