Austria: Wifo’s Estimates More Optimistic

PeopleOther ♦ Published: November 20, 2013; 13:32 ♦ (Vindobona)

Wifo forecasts Austria to keep its growth advantage if “smart” consolidation measures are carried out by the government.

Austria: Wifo’s Estimates More Optimistic / Picture: © Wikimedia Commons [CC0 1.0] / Pixabay [CC0 Creative Commons]

On Wednesday the Austrian Institute of Economic Research (Wifo) has published its mid-term forecast which is the basis for the government’s cash check. The institute predicts economic growth of 1.8 percent in the years from 2014 to 2018 which is above the EU’s average and exceeds the forecasts of both the Organization of Economic Cooperation and Development (OECD) and the…