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Forecast of key economic indicators - austrian forecasters

	OeNB December 2019				WIFO December 2019			IHS December 2019
	2019	2020	2021	2022	2019	2020	2021	2019	2020	2021
Key results
Annual change in %
Real GDP	1.6	1.1	1.5	1.6	1.7	1.2	1.4	1.6	1.3	1.6
Real private consumption	1.2	1.3	1.3	1.4	1.5	1.6	1.6	1.5	1.4	1.4
Real government consumption	0.1	1.1	1.0	1.0	0.6	0.9	0.6	0.5	1.0	1.0
Real gross fixed capital formation	2.9	1.0	1.3	1.5	3.1	1.6	1.7	2.9	0.7	1.8
Real exports	3.1	1.7	2.8	2.9	2.8	2.3	2.9	2.8	1.6	2.6
Real imports	3.4	1.8	2.4	2.5	3.2	2.4	2.8	3.1	1.4	2.4
Labour productivity1	0.4	0.4	0.8	0.8	0.4	0.2	0.4	0.0	0.5	0.6
GDP deflator	1.8	1.6	1.5	1.7	1.8	1.8	1.6	1.7	1.6	1.7
CPI	x	x	x	x	1.5	1.5	1.6	1.5	1.5	1.7
HICP	1.5	1.4	1.5	1.6	1.4	1.5	1.6	1.5	1.5	1.7
Unit labor costs	2.4	1.7	1.2	1.5	2.4	2.0	1.6	2.7	1.7	1.6
Payroll employment	1.5	0.9	0.9	1.0	1.6	1.1	1.1	1.6	0.8	0.9
% of labour force
Unemployment rate	4.6	4.7	4.8	4.7	4.6	4.7	4.7	4.6	4.8	4.8
% of nominal GDP
Current account	2.2	2.3	2.5	2.9	1.9	1.8	1.7	x	x	x
General government surplus/deficit	0.5	0.2	0.2	0.6	0.6	0.3	0.4	0.5	0.2	0.4
Conditioning assumptions
Oil price in USD/barrel	63.8	59.6	57.4	56.8	64.0	60.0	58.0	64.6	62.0	59.0
Short-term interest rate in %	-0.4	-0.4	-0.4	-0.3	-0.4	-0.5	-0.5	-0.4	-0.4	-0.3
USD/EUR	1.12	1.10	1.10	1.10	1.12	1.11	1.11	1.12	1.11	1.11
Source: OeNB, WIFO, IHS.
1  OeNB and WIFO: hourly productivity of labour; IHS: labour productivity per employee.

language: German English

last update on 20.12.2019 17:13

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