High growth remains broad-based
The Austrian economy is expected to have grown by 3.1 % in 2017. As the global economy should continue to expand vigorously, and robust domestic growth can be anticipated, the Austrian economy is expected to grow by 2.7 % and 1.9 % respectively, in 2018 and 2019. The labour market is benefiting from the high economic activity, with unemployment expected to fall to 8 % by 2019, down from 9 % in 2016. Over the forecasting horizon, inflation should amount to slightly above 2 % and thus remain well above the euro area average. The period of high growth should be used to achieve a sustainable budgetary stance and to implement urgently needed structural reforms.
Press information of December 21, 2017 (pdf - long version in German only)
Press information (pdf - short version in English)
Presentation (pdf - in German only)