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Forecast of key economic indicators - austrian forecasters

	OeNB			WIFO		IHS
	June 2020			June 2020		June 2020
	2020	2021	2022	2020	2021	2020	2021
Key results
Annual change in %
Real GDP	-7.2	4.9	2.7	-7.0	4.3	-7.3	5.8
Real private consumption	-5.8	6.1	2.6	-5.5	4.5	-4.4	4.6
Real government consumption	1.2	1.6	0.8	2.7	0.5	2.0	1.5
Real gross fixed capital formation	-6.7	4.7	3.1	-6.5	4.8	-7.9	4.1
Real exports	-11.6	6.9	4.7	-14.8	9.5	-11.3	9.0
Real imports	-8.9	5.7	3.7	-11.1	8.9	-7.3	5.4
Labour productivity1	-5.1	2.9	1.4	-0.2	0.3	-4.9	4.3
GDP deflator	1.3	-0.1	1.3	1.2	1.1	1.5	1.1
CPI	x	x	x	0.6	0.9	1.0	1.3
HICP	0.8	0.8	1.5	0.6	0.9	1.0	1.3
Unit labor costs	4.4	-1.3	0.9	5.7	-2.2	5.7	-3.1
Payroll employment	-2.2	2.2	1.5	-2.1	1.3	-2.5	1.5
in % of labour force, Eurostat definition
Unemployment rate	6.8	5.8	5.3	5.5	5.2	5.8	5.3
% of nominal GDP
Current account	1.5	2.2	2.3	0.2	1.0	x	x
General government surplus/deficit	-8.9	-3.9	-1.5	-10.3	-6.0	-11.0	-4.0
Conditioning assumptions
Oil price in USD/barrel	36.0	37.2	40.7	41.0	43.0	40.8	47.5
Short-term interest rate in %	-0.4	-0.4	-0.4	-0.5	-0.5	-0.4	-0.4
USD/EUR	1.09	1.08	1.08	1.09	1.11	1.12	1.13
Source: OeNB, WIFO, IHS.
1  OeNB and WIFO: hourly productivity of labour; IHS: labour productivity per employee.

language: German English

last update on 26.06.2020 15:29

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