Medium Term Projections for Austria

Fast rising exports, continued lively demand of private households and buoyant investment will make for an average growth of Austria's real GDP of 3 percent p. a. until 1994. On these assumptions the current account is expected to show a small deficit in the order of 0.3 percent of GDP. Real wages and salaries per employee will rise in line with productivity and consumer price inflation may stay just below 3½ percent annual rate.