Forecast of key economic indicators - austrian forecasters

Forecast of key economic indicators - austrian forecasters

OeNB
June 2019

WIFO
October 2019

IHS
October 2019

2019

2020

2021

2019

2020

2019

2020

Key results

Annual change in %

Real GDP

1.5

1.6

1.6

1.7

1.4

1.5

1.3

Real private consumption

1.6

1.4

1.3

1.5

1.6

1.5

1.3

Real government consumption

1.5

1.2

1.1

1.3

0.9

0.5

1.0

Real gross fixed capital formation

2.7

1.9

1.8

2.9

1.5

2.5

1.1

Real exports

2.0

2.8

3.4

2.3

2.3

2.2

1.7

Real imports

2.0

2.6

3.0

2.4

2.5

2.2

1.5

Labour productivity¹

0.2

0.7

0.7

0.5

0.4

0.0

0.5

GDP deflator

1.5

1.6

1.6

1.9

1.7

1.9

1.6

CPI

x

x

x

1.6

1.7

1.5

1.5

HICP

1.7

1.7

1.7

1.6

1.7

1.5

1.5

Unit labor costs

2.5

1.5

1.1

2.4

1.5

2.6

1.6

Payroll employment

1.6

1.2

1.1

1.6

1.0

1.6

0.8

% of labour force

Unemployment rate

4.7

4.7

4.7

4.6

4.6

4.6

4.8

% of nominal GDP

Current account

2.2

2.3

2.6

2.5

2.3

x

x

General government
surplus/deficit

0.3

0.4

0.5

0.6

0.4

0.3

0.3

Conditioning assumptions

Oil price in USD/barrel

68.1

65.8

62.7

66.0

63.0

64.0

60.0

Short-term interest rate in %

-0.3

-0.3

-0.2

-0.4

-0.5

-0.4

-0.4

USD/EUR

1.12

1.12

1.12

1.12

1.10

1.12

1.11

last update on 08.10.2019 17:25