Heightened Uncertainty Weighing Upon Activity. Economic Outlook for 2012 and 2013

While short-term prospects for the Austrian economy have weakened since last June's forecast revision, the pattern of risks is somewhat uneven as external downward risks slightly dominate domestic upward risks. Against this background, Austria's GDP is expected to grow by 0.6 percent in 2012 and by 1.0 percent in 2013, with the latter figure being subject to particular uncertainty.