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Economic Growth
Economic Downturn Becomes More Obvious
Due to the strong development in the first half year, Austria´s economic growth will amount to 2.9% in 2011. However, for 2012 the growth rate will decrease significantly.
November 16, 2011
„Debt Brake“ for Austrian Government
As the Austrian government fears a downgrade of its rating, the coalition partners agreed to install a „debt break“. Reactions are ambiguous.
November 15, 2011
Austrian Economic Growth Slows Down
According to the Austrian Institute of Economic Research the aggregate output grew by 0.3% against the previous quarter. Exports are weakening.
November 15, 2011
Sharp Criticism Against Felderer
The head of the Viennese Chamber of Labor, Werner Muhm, attacks the director of IHS, Bernhard Felderer. His economic forecast is “propaganda of fear”.
November 12, 2011
WIFO Sees Growing Signs of Economic Slowdown
The research institute expects a substantial decline in Austria’s GDP growth rate. Companies have already lowered their expectations for the months to come.
November 10, 2011
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
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