Ambiguous Economic Prospects

The global economy appears to be stabilising somewhat at present. In the USA and the euro area, GDP continues to expand strongly, and indicators in Germany are also pointing to a gradual end to the slowdown. In Austria, the economy grew moderately in the third quarter, but economic momentum remained constant. However, the prospects for the economy are mixed and the recovery on the labour market is already be coming to an end. Inflation continued to slow.