Fiscal Balance in Austria

Austria Fiscal Balance | Economic News & Forecasts

Austria - Fiscal Balance

Economic growth remained lackluster in the third quarter as softer growth in investment outlays and private consumption weighed on domestic demand. Turning to the final quarter of the year, consumers remained pessimistic through November as households were less upbeat about their financial situation and the general economic climate for the year ahead. Furthermore, business confidence moderated to an over three-year low in November, while the downturn in the manufacturing sector seemingly intensified in the same period according to PMI data, likely linked to weakness in the German industrial sector. Meanwhile, in the political arena, coalition negotiations between the Austrian People’s Party (ÖVP) and the Greens are likely to drag on into the new year. Combating climate change and migration remain key hurdles to be resolved.

Austria - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-2.0  -2.7  -1.0  -1.6  -0.8  

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Austria Facts

Bond Yield0.030.40 %Jan 01
Exchange Rate1.120.65 %Dec 31

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