Austria: Decent Economic Outlook

Politics ♦ Published: November 24, 2013; 18:26 ♦ (Vindobona)

Despite an economic acceleration, the macro-economic frame conditions remain difficult in 2014. A major risk factor is the fiscal situation.

Austria: Decent Economic Outlook / Picture: ©

After a weak GDP growth in 2012, the downward trend continued in the course of 2013. In the third quarter of 2013, Austria´s economy was stuck in stagnation. In the fourth quarter of 2014, the Austrian economy is expected to have bottomed out.

The key driver of economic growth is the positive contribution by foreign trade. In the first half of…