Stronger Growth in an Environment Fraught with Risk. Economic Outlook for 2016 and 2017

In 2016 and 2017, economic growth in Austria should pick up from the sluggish pace recorded in 2015. While leading indicators still give no clear hint for a substantial revival of activity, private and public consumption are fuelled by one-off factors, thereby supporting overall output growth. Gross Domestic Product is expected to gain 1.7 percent in volume, both in 2016 and 2017.