Austria: Economic recovery with intensified structural change

In 2003 real GDP is likely to have expanded by ¾% in Austria. The unemployment rate increased to 4½% and consumer prices by 1.3%. In 2004 real GDP will increase by 1¾%. The unemployment rate will continue to average 4½%, and consumer prices will be around 1¼% above the level of the previous year. In 2005 the unemployment rate should fall to 4¼%, and prices will increase by around 1½%.