Economy Headed Towards Further Expansion. Business Cycle Report of November 2006

World economic growth has gained further steam, despite a slowdown in activity in the USA. The upswing set in motion in Europe in spring 2006 is broadly based regionally. In Austria, the growth momentum could also be maintained, with real GDP advancing by 0.9 percent quarter-on-quarter in the third...

Ausführliche Beschreibung

Bibliographische Detailangaben
Link(s) zu Dokument(en):WIFO Publikation
Veröffentlicht in:Austrian Economic Quarterly
1. Verfasser: Sandra Steindl
Format: article
Sprache:Englisch
Veröffentlicht: 2006
Beschreibung
Zusammenfassung:World economic growth has gained further steam, despite a slowdown in activity in the USA. The upswing set in motion in Europe in spring 2006 is broadly based regionally. In Austria, the growth momentum could also be maintained, with real GDP advancing by 0.9 percent quarter-on-quarter in the third quarter. The impetus prevailing in foreign trade has spread to domestic demand. While investment in machinery and equipment has accelerated, private consumption has remained stable.