Austria’s economy likely grew twice as fast in 2017 as it did in 2016. Another quarter of strong GDP growth at the end of 2017 suggests real GDP growth of 3.1% for the year as a whole, compared to 1.5% in 2016. Optimistic business and consumer sentiment indicators suggest that economic growth should remain strong in 2018 (2.9%) before easing somewhat in 2019 to 2.3%.
|GDP growth (%, yoy)||1,5||3,1||2,9||2,3|
|Inflation (%, yoy)||1,0||2,2||2,1||1,9|