Where is Austria's economy heading?
Austria is one of the wealthiest and most stable European Union Member States. With spectral analysis this paper attempts to forecast economic indicators of the Austrian economy up to 2030 to provide a clearer picture of its future economy. The applied spectral analysis reveals hidden periodicities...
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Veröffentlicht in: | Economic and Business Review 2020-01, Vol.22 (1), p.105-130 |
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Format: | Artikel |
Sprache: | eng |
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Zusammenfassung: | Austria is one of the wealthiest and most stable European Union Member States. With spectral analysis this paper attempts to forecast economic indicators of the Austrian economy up to 2030 to provide a clearer picture of its future economy. The applied spectral analysis reveals hidden periodicities in the studied countrys economic data which are to be associated with cyclical behaviour or recurring processes in economic time series. The 2018-2030 period forecasts of Austrias real GDP, government budget deficit or surplus in current prices, current account balance and total population respectively are all bullish, including unemployment rate doomed to expand at an annual rate of 0.58% until 2030. |
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ISSN: | 2335-4216 1580-0466 2335-4216 |
DOI: | 10.15458/ebr97 |