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Economic Growth

Growth Potential in CEE Banking Sector

The Austrian Raiffeisen Bank International has a very favourable growth outlook for six CEE banking markets representing 80 per cent of the region's total banking assets

November 8, 2011

Scepticism in Carinthian Industry

The current situation is satisfying in the Carinthian industry. However, for the future, many industrialists are less optimistic.

November 5, 2011

Austrians Increasingly Pessimistic

According to a survey, Austrians fear that similar developments to Greece will also occur in their country. Confidence in politics still worsens.

November 5, 2011

Nationalization of Banks Not Excluded Anymore

According to the Minister of Economics, Reinhold Mitterlehner, in the worst case scenario a partly nationalization of banks could take place.

October 31, 2011

Nowotny Expects Lower Growth Rates

The head of the Austrian Central Bank (OeNB) Ewald Nowotny lowers the growth estimation for the Austrian economy.

October 31, 2011

„Austria´s Triple A Not in Danger“

For the Austrian Minister of Finance, Maria Fekter, the status of the domestic economy is “well prepared”.

October 29, 2011

Austrian Industry Falls into Recession

Bank Austria’s Purchasing Managers’ Index shows a further deterioration of the economic situation. A slight recession is expected for the next months.

October 28, 2011

Declining Profits for ATX Companies

Analysts expect Vienna-listed companies to report substantial lower profits. Even losses are feared.

October 24, 2011

Stagnation Expected in Austria for 2011

Insecurity and a lack in foreign demand will cause a massive slowdown of the Austrian economy in 2012. Consumers and companies become more cautious.

October 17, 2011

CEE Less Vulnerable to Severe Economic Crisis

The reaction of the CEE region to the global slowdown should be less severe than in the post-Lehman crisis, as CEE economies are in a completely different stage of their economic cycle and have reduced their imbalances.

October 17, 2011

Austrian Economy Cooling Down Rapidly

Drastic deterioration in industrial climate and consumer sentiment point to a break in the economic recovery in the second half of 2011.Economic outlook for 2012 lowered to just 1.4 per cent.

October 15, 2011

Polish Foreign Trade Will Increase by 125% by 2025

The world trade will increase only by 73%, states the report of HSBC Trade Connections. The document presents forecasts for the international trade in the perspective of several years.

October 13, 2011

OeNB: Austrian Economy Is Stagnating

Uncertainty about the global economic development has reduced business and consumer confidence in Austria.

October 12, 2011

Wifo/IHS: 2012 Brings Collapse of Economic Growth

The research institutes cut their growth forecasts for the Austrian economy by 50%. Unemployment numbers are expected to increase.

September 30, 2011

IMF: Austrian Growth Slabs

The IMF expects the Austrian economy to grow by 3.3% in 2011. Next year, GDP growth should fall to 1.6%.

September 20, 2011

GDP Growth below Expectations in Q2

The real growth rate was revised downwards to 0.7%. Wifo expects a normal slowdown but no economic crisis.

September 16, 2011

No Common Trend for CEE-Countries

Regarding economic growth, prospects for CEE countries have worsened slightly. However, the region remains heterogeneous.

September 13, 2011

Economic Downturn Reaches Austria

A current survey indicates an imminent deterioration of the Austrian economy. Researchers don’t expect a recession but a clear downward trend.

September 9, 2011

Austrian Economy 2010: Noticeable Recovery

According to calculations by Statistics Austria, the Austrian economy grew by 2.3% in the year 2010. GDP per inhabitant amounted to € 34,120.

September 9, 2011

Wifo Cuts Growth Forecast for 2012

The research institute sees the current economic upward trend coming to an end but does not expect a recession in Europe.

August 31, 2011

Economic Upward Trend Continued in Second Quarter

From April to June, Austrian GDP grew by 1% compared to the first three months of 2011 while the euro zone average was only 0.2%.

August 16, 2011

Economic Growth to Slow Down Significantly

Industry and consumer sentiment is at its lowest level since mid-2010. The GDP growth rate is predicted to fall to 1.8% in 2012.

August 12, 2011

Economic Growth to Slow Down in Second Half of 2011

Real growth is predicted to fall to 0.3% in the third quarter. The forecast is based on reduced export prospects, a lower number of new orders and the euro crisis.

July 19, 2011

OECD Calls for Reforms and Increased Efficiency

The OECD expects growth of 2.9% in 2011 and a further decline in the unemployment rate. To maintain the country’s performance the study recommends reforms in many areas.

July 11, 2011

Economic Report 2011: Government Surprised by Quick Recovery

Experts praise Austria’s relatively stable performance during the years of crisis and call for reforms necessary for ensuring the country’s competitiveness.

July 8, 2011

Economic Upswing Continues: Wifo and IHS Expect 3% Growth

Both research institutes revised their forecast for the current year upwards. Economic risks are also predicted to increase.

July 1, 2011

Bronze Medal for Austria’s Economy

According to a study by Allianz, Germany is the euro zone country with the healthiest economy. Luxembourg comes on the second rank followed by Austria.

June 21, 2011

Austrian Economy Growing Faster than Eurozone Average

OeNB has revised its growth forecast for 2011 upwards to 3.2%. Lower rates are expected for 2012 and 2013.

June 17, 2011

Majority of Enterprises Satisfied with Business Development

According to the Economic Chamber’s business barometer, the climate for investments has improved further. Enterprises worry about labor force availability.

June 15, 2011

GDP Growth Lower than Expected

Instead of 1.0%, the growth rate in the first quarter was only 0.9%. A plus of 4.2% year-on-year was registered.

June 10, 2011

Economic Growth Is Based on Households and Exports

In 2010, Austrian economic output grew stronger than the Eurozone average. GDP amounted to € 284bn.

June 8, 2011

Swarovski to Invest in US Jewelry Retailer

The Tyrolean optics and crystal group is attracted by a global distribution network of 2,000 stores. The two companies already have a strategic partnership.

June 7, 2011

Austria’s Economy Is Growing Faster Than Expected

The Austrian economy has grown faster than expected. The OECD raised its growth forecast to 2.9%.

May 25, 2011

Leitl: "Reforms, Despite the Positive economic Outlook Should Not Be Forgotten"

Spring forecast by the EU Commission: Clearly improved growth prospects for Austria and the European Union

May 14, 2011

Austria's Economy Grew Strongly Again in the First Quarter of 2011

According to the latest WIFO flash estimate, the domestic GDP grew, in real terms and seasonally adjusted, by 1% in the 1st Q. 2011. Compared with the previous quarter (4th Q. 2010: +0.9%), the expansion rate has picked up slightly.

May 14, 2011

Nearly all Federal Provinces have Overcome the Economic Slump

Strong demand from abroad will keep industry humming along. According to Bank Austria, Upper Austria and Vorarlberg have the brightest prospects for growth.

May 11, 2011

Strong Upswing in Austria

Indicators point to a strong and dynamic economic recovery. Surveys of local companies in the manufacturing sector reflect great optimism concerning the course their business is taking.

May 10, 2011

Workers Continue Feeling the Crisis

The Austrian Working Climate Index increased only slightly from 107 to 108 points during the last half-year. According to the Labor Chamber, the crisis has not been mastered yet, particularly for workers.

May 7, 2011

Prosperity to Rise, But Savings Propensity on a Decline

Monetary wealth of Austrians expected to rise 14.4% or from € 7,900 to 62,800 by 2015; savings ratio to decrease from 9.1% to 8.1%. In 2010, Austrians saved € 1,819 on average.

May 6, 2011

Austria´s Economy Performed Better than EU-average During Crisis

The Vienna Institute for International Economic Studies (wiiw) has just published a study, which quantifies trade-related transmission mechanisms of the global drop in investment demand and output to recession in Austria.

April 28, 2011

Styria: "The crisis is over"

The Austrian Institute of Economic Research (WIFO) considers that the federal province hit extremely hard by the economic crisis has resumed the upward trend.

April 9, 2011

Economic Growth in CEE and Austria Remains Solid

Concerning the equity markets as well as the economic circumstances, Raiffeisen Research is quite optimistic. In 2011, a further economic recovery is expected.

April 6, 2011

Forecast: Austria's Economic Growth in 2011 at 2.5%

The upswing in the first half year continues mainly due to strongly growing exports. A flattening of growth is expected after this.

April 2, 2011

Foreign Capital Inflows Make a Comeback to CEE

Foreign direct investments picked up by 9% in CEE; Czech Republic scored best in attracting FDIs, says Erste Group.

March 30, 2011

Economic Growth at 3.5% in the First Months of 2011

The Austrian economy is expanding relatively strongly, driven by the robust external demand.

March 26, 2011 · Updated: March 27, 2011; 00:00

Austria's Export Industry Grows Strongly

Driven by external demand, the Austrian economy shows a growth of 2.7% compared with the previous year.

March 23, 2011

Manufacturing Industry Sharply Criticizes the Union

Employees' proposals are not very productive, the Austrian Industrial Association says. There is no shift from wages toward corporate profits.

March 22, 2011

WKÖ: "The Manufacturing Industry has not Processed the Crack Caused by the Crisis yet"

Production value of Austrian industry remains behind pre-crisis values despite a recovery.

March 16, 2011

2.7% Economic Growth Due to Exports

Austria's GDP increased compared with the previous year by 2.7%, stimulated mainly by exports and material goods production.

March 11, 2011

Austria's Budget Deficit is Lower than Expected

The preliminary budget outcome for 2010 is 0.6% better than forecast. However, the results of the ÖBB could increase the deficit again.

February 17, 2011
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