{"id":115938,"date":"2024-01-22T19:49:46","date_gmt":"2024-01-22T18:49:46","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/115938\/"},"modified":"2026-02-17T16:40:09","modified_gmt":"2026-02-17T15:40:09","slug":"slow-upturn-following-soft-patch-in-2012-medium-term-forecast-of-the-austrian-economy-until-2016","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/115938\/","title":{"rendered":"Slow Upturn Following Soft Patch in 2012. Medium-term Forecast of the Austrian Economy until 2016"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-115938","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The Austrian economy will not regain significant momentum before 2014. During the forecast period from 2012 until 2016 real GDP will grow by 1.6 percent per year on average. Exports will expand by 5.5 percent per year. Imports, by contrast, will increase by only 5.1 percent. The average inflation rate during 2012-2016 will be 2.1 percent. Despite the increase of employment tensions in the labour market will remain, as the labour supply will grow, too. At 7.3 percent the unemployment rate will be considerably higher in the forecast period than before. Moderate and sustainable consolidation and reform measures in the public sector will not dampen economic activity excessively in the medium term.","onlinedate":"2012-02-17 01:00:00","lang":"English","publication_series":"","publication_date":"20120201","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"Forecast Austria Economic Growth Unemployment rate Budget deficit\"]","jelcodes":"[]","related_publications":"[]","pdf":441663,"zip":null,"link":"https:\/\/www.wifo.ac.at\/wwa\/pubid\/43612","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"17","monthly_report_pages":"12-23","monthly_report_pages_sort":"12","issue":"1","journal":"Austrian Economic Quarterly","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[183747],"research_groups":[3500],"collaboration":"","persons":[3567,3641,3792,3899],"persons_data":"[{\"personId\":3567,\"personName\":\"Stefan Ederer\",\"organisationNames\":[]},{\"personId\":3641,\"personName\":\"Serguei Kaniovski\",\"organisationNames\":[]},{\"personId\":3792,\"personName\":\"Hans Pitlik\",\"organisationNames\":[]},{\"personId\":3899,\"personName\":\"Thomas Url\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Ederer, S.<\\\/span><span>, Kaniovski, S.<\\\/span><span>, Pitlik, H.<\\\/span><span>, &amp; Url, T.<\\\/span> (2012). <span>Slow Upturn Following Soft Patch in 2012. Medium-term Forecast of the Austrian Economy until 2016<\\\/span>. <span><em>Austrian Economic Quarterly<\\\/em><\\\/span>, <em>17<\\\/em>(1), 12-23. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/43612\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/43612<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Ederer S<\\\/span><span>, Kaniovski S<\\\/span><span>, Pitlik H<\\\/span><span>, Url T<\\\/span>. <span class=\\\"title\\\"><span>Slow Upturn Following Soft Patch in 2012. Medium-term Forecast of the Austrian Economy until 2016<\\\/span><\\\/span>. <span>Austrian Economic Quarterly<\\\/span>. 2012 Feb;17(1):12-23.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{b5f5f63b6ca24d37b4b58cf2d53ce864,<\\\/div><div>  title    = \\\"Slow Upturn Following Soft Patch in 2012. Medium-term Forecast of the Austrian Economy until 2016\\\",<\\\/div><div>  abstract = \\\"The Austrian economy will not regain significant momentum before 2014. During the forecast period from 2012 until 2016 real GDP will grow by 1.6 percent per year on average. Exports will expand by 5.5 percent per year. Imports, by contrast, will increase by only 5.1 percent. The average inflation rate during 2012-2016 will be 2.1 percent. Despite the increase of employment tensions in the labour market will remain, as the labour supply will grow, too. At 7.3 percent the unemployment rate will be considerably higher in the forecast period than before. Moderate and sustainable consolidation and reform measures in the public sector will not dampen economic activity excessively in the medium term.\\\",<\\\/div><div>  keywords = \\\"Forecast Austria Economic Growth Unemployment rate Budget deficit, Forecast Austria Economic Growth Unemployment rate Budget deficit\\\",<\\\/div><div>  author   = \\\"Stefan Ederer and Serguei Kaniovski and Hans Pitlik and Thomas Url\\\",<\\\/div><div>  note     = \\\"Medium-Term Forecast Austria\\\",<\\\/div><div>  year     = \\\"2012\\\",<\\\/div><div>  month    = feb,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  volume   = \\\"17\\\",<\\\/div><div>  pages    = \\\"12--23\\\",<\\\/div><div>  journal  = \\\"Austrian Economic Quarterly\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Slow Upturn Following Soft Patch in 2012. Medium-term Forecast of the Austrian Economy until 2016<\\\/p><p>AU  - Ederer, Stefan<\\\/p><p>AU  - Kaniovski, Serguei<\\\/p><p>AU  - Pitlik, Hans<\\\/p><p>AU  - Url, Thomas<\\\/p><p>N1  - Medium-Term Forecast Austria<\\\/p><p>PY  - 2012\\\/2<\\\/p><p>Y1  - 2012\\\/2<\\\/p><p>N2  - The Austrian economy will not regain significant momentum before 2014. During the forecast period from 2012 until 2016 real GDP will grow by 1.6 percent per year on average. Exports will expand by 5.5 percent per year. Imports, by contrast, will increase by only 5.1 percent. The average inflation rate during 2012-2016 will be 2.1 percent. Despite the increase of employment tensions in the labour market will remain, as the labour supply will grow, too. At 7.3 percent the unemployment rate will be considerably higher in the forecast period than before. Moderate and sustainable consolidation and reform measures in the public sector will not dampen economic activity excessively in the medium term.<\\\/p><p>AB  - The Austrian economy will not regain significant momentum before 2014. During the forecast period from 2012 until 2016 real GDP will grow by 1.6 percent per year on average. Exports will expand by 5.5 percent per year. Imports, by contrast, will increase by only 5.1 percent. The average inflation rate during 2012-2016 will be 2.1 percent. Despite the increase of employment tensions in the labour market will remain, as the labour supply will grow, too. At 7.3 percent the unemployment rate will be considerably higher in the forecast period than before. Moderate and sustainable consolidation and reform measures in the public sector will not dampen economic activity excessively in the medium term.<\\\/p><p>KW  - Forecast Austria Economic Growth Unemployment rate Budget deficit<\\\/p><p>KW  - Forecast Austria Economic Growth Unemployment rate Budget deficit<\\\/p><p>M3  - WIFO series<\\\/p><p>VL  - 17<\\\/p><p>SP  - 12<\\\/p><p>EP  - 23<\\\/p><p>JO  - Austrian Economic Quarterly<\\\/p><p>JF  - Austrian Economic Quarterly<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Slow Upturn Following Soft Patch in 2012. 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