Leading indicators still point to favourable cyclical conditions in Austria until the end of 2018. GDP growth for the year
as a whole is set to reach 3 percent. Currency crises in some emerging market countries, lack of clarity about the further
course of US trade policy, and uncertainty surrounding the terms of Brexit increasingly strain international trade and with
it business activity in highly export-oriented economies. These factors will dampen GDP growth also in Austria, which is expected
to receed to 2 percent in 2019.