Recovery Subject to Lasting Uncertainty. Economic Outlook for 2013 and 2014

Short-term prospects for the Austrian economy have hardly changed since the revision of the WIFO forecast of last December. As expected, demand and output edged down slightly in the fourth quarter 2012, but leading indicators kept heading up during the first three months of 2013. Having moderated to an average 0.8 percent in 2012, GDP growth is projected to pick up to 1.0 percent in 2013 and 1.8 percent in 2014.