English, Article edition: Economic Outlook for 1990 and 1991: Stimulus from German Unification Cushions Cyclical Slowdown N. N.

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/149611
Physical Description
  • article
Language
  • English

Edition details

Title
  • Economic Outlook for 1990 and 1991: Stimulus from German Unification Cushions Cyclical Slowdown
Author
  • N. N.
Physical Description
  • article
Notes
  • Much as expected, demand and output in Austria remained firm throughout 1990. The forecast for annual growth of real GDP is maintained at 4½ percent. Also, projections for other major variables are broadly confirmed by recent developments. Consumer price inflation will likely average 3¼ percent, unemployment is rising to almost 5½ percent of the dependent labour force and the current account remains in small surplus. Forward looking indicators like the inflow of orders to industry and survey data on business confidence signal a weakening of activity in 1991, in line with the international trend. Domestic demand will expand at a slower pace. The once-and-for-all boost to net disposable incomes and private consumption from the tax reform is levelling off. However, settlements in the autumn wage round broadly protect real wage gains against the impact of rising inflation and households may be ready to reduce their saving in view of the still encouraging prospects for income and employment. With output close to capacity limits and profits at record levels there are strong incentives for firms to step up capital spending. Yet, the danger of a recession abroad, the Gulf crisis and spreading fragility in financial markets have recently deteriorated the investment climate. WIFO survey results show clearly that entrepreneurs are turning more cautious in judging the business outlook. On the other hand, activity in the construction industry is gaining new momentum. In all, the forecast for 1991 GDP growth is slightly revised downwards to 3¼ percent.
  • Prognose für 1991. Impulse aus deutscher Wiedervereinigung mildern Konjunkturrückgang; Economic Outlook for 1990 and 1991: Stimulus from German Unification Cushions Cyclical Slowdown
  • RePEc:wfo:monber:y:1991:i:1:p:3-16
Language
  • English
Contributed by
OAIster

Get this edition

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment