Continued Strong Growth Amidst a Riskier Environment. Economic Outlook for 2018 and 2019

After the strong expansion in the previous year, demand and output in Austria should maintain a similar pace in 2018, with GDP growth expected at 3.2 percent. Leading indicators nevertheless foreshadow an increasing slowdown in momentum. GDP growth will be noticeably weaker in 2019 (+2.2 percent). Heightened uncertainty concerning the external policy environment amplifies the downward risks from the economic outlook of March 2018.