Austria - Economic Outlook Country Summary

BusinessEconomy ♦ Published: May 26, 2010; 00:00 ♦ (Vindobona)

The recovery is expected to gather momentum in 2010 and 2011 as foreign demand firms and policies remain broadly supportive.

Austria - Economic Outlook Country Summary / Picture: ©

Even so, unemployment and economic slack will persist throughout this period, which will keep inflation subdued.

Fiscal consolidation has been announced for 2011, but specific measures have yet to be spelled out. These should be designed to boost potential growth and to lower public spending via increasing efficiency. Achieving sustained budgetary savings calls for comprehensive…

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