Towards the end of 2013, activity rebounded in Austria as well as in Europe overall. However, the momentum promises to remain
subdued: many countries are still struggling with the repercussions of the financial market crisis, and the need for consolidation
of government households is restraining the growth of demand. The Austrian economy is projected to grow by 1.7 percent each
in 2014 and 2015 – too slow a pace to rein back unemployment. Inflation is receding, though remaining high when compared with
other EU member countries.
Keywords:WIFO Economic Outlook
Forschungsbereich:Makroökonomie und öffentliche Finanzen