SOPEMI Report on Labour Migration Austria 2018-19: Report of the Austrian SOPEMI correspondent to the OECD
Gudrun Biffl Donau-Universität Krems
Edition Donau‐Universität Krems
From Mid-2018 onwards, Austrian economic growth slowed down, attaining 2.4% on an annual average vs 2017, after a real growth rate of 2.5% in 2017. In international comparison, the economic situation remained relatively stable due to favourable finance conditions, fiscal incentives to promote investments in the construction sector, and a resilient domestic consumer demand. In 2019, economic growth continued to lose momentum in the wake of weakening international trade, impacting negatively on export growth and industrial output. A decline to an economic growth rate of 1.6% annually vs 2018 is forecast by the Austrian National Bank as of December 2019, slightly below the 1.7% forecast of the Austrian Institute of Economic Research of December 2019.
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CC BY-NC-ND 4.0 International
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