Oxford Economic Country Briefings, November 1st, 2006
Highlights and Key Issues
* GDP is set to rise 3.2% this year on the back of robust investment and exports to a revitalised Eurozone. However, growth is expected to slow to 2.5% in 2007, as the expansion in investment softens and Germany is hit by the VAT hike.
* Inflation is projected at 1.5% this year - the rise in oil prices has had only a limited inflationary impact. Second round effects via high wage increases have been avoided, partly because unemployment remains high. The fall in oil prices since September, and continued modest wage growth, all points to inflation falling to around 1%...
HighBeam Research, Free Preview: 'Austria'... Full Membership required for unlimited access. Free 7-day trial.
Subscribers: HighBeam content is only available to HighBeam subscribers. Click the link above for more information.
