The Austrian Economy Until 1993

Medium term prospects appear more favourable than developments during most of the eighties. Real gross domestic product is forecast to grow by 2¾ percent annual average. The resulting increase in employment will allow unemployment to decline to a rate of 4.6 percent by 1993. Inflation may accelerate somewhat. The deficits on current account and in the federal budget are likely to be reduced as a percent of GDP over the forecasting period.