Austria WIFO 2011 and 2012 Economic Forecasts

Following is a summary of the forecasts of the Austrian economy by the Austrian WIFO institute:

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                                      2012     2011     2010    2009    2008
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Gross Domestic Product        
 Real                                 0.8%     2.9%     2.3%   -3.8%    1.4%
 Nominal                              2.9%     4.9%     4.1%   -2.8%    3.2%
Manufacturing production              1.0%     8.0%     7.2%  -15.0%    1.3%
Trade                                 0.4%     0.9%     3.1%    0.7%   -3.0%
Private consumption                   0.8%     0.9%     2.2%   -0.3%    0.8%
Gross fixed capital investment        1.1%     4.0%     0.1%   -8.3%    0.7%
 Equipment                            1.5%     8.0%     4.3%   -9.7%   -0.7%
 Construction                         0.7%     0.7%    -2.9%   -7.6%    1.0%
Exports of goods              
 Real                                 4.5%     8.5%    12.8%  -16.8%    0.5%
 Nominal                              4.5%    11.5%    16.7%  -20.2%    2.5%

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                                      2012     2011     2010    2009    2008
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Imports of goods              
 Real                                 4.5%     7.0%    10.3%  -14.3%    0.6%
 Nominal                              4.0%    11.5%    16.5%  -18.4%    4.7%
Current account balance       
 in billions of euro                 8.54     8.27     7.76    8.53   13.76 
 as percent of GDP                    2.8%     2.8%     2.7%    3.1%    4.9%
Consumer prices                       2.1%     3.1%     1.9%    0.5%    3.2%
Unemployment rate             
 EU-definition                        4.4%     4.2%     4.4%    4.8%    3.8%
 National definition                  7.0%     6.7%     6.9%    7.2%    5.9%
Budget deficit as percent     
 of GDP (Maastricht)                 -3.1%    -3.1%    -4.6%   -4.1%   -0.9%
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NOTE: Percent changes are year-over-year unless stated otherwise

SOURCE: WIFO Institute        

To contact the reporter on this story: Kristian Siedenburg in Vienna at ksiedenburg@bloomberg.net

To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net