As from mid-2009, economic activity in Austria stabilised, supported by exports and manufacturing output. Yet, the tentative
rebound has not gained momentum, notably because the turnaround has so far not extended to private investment. Real GDP is
therefore expected to grow by no more than 1.3 percent in the current year. In 2011, fiscal consolidation is to set in, whose
impact on aggregate demand is as yet largely unknown. WIFO expects for 2011 real GDP growth of 1.4 percent, unemployment rising
to 7.7 percent of the dependent labour force, an inflation rate of 1.8 percent and a general government deficit of 4 percent
of GDP.
Keywords:WIFO Economic Outlook
Forschungsbereich:Makroökonomie und öffentliche Finanzen