English, Article edition: Successful Consolidation of Public Sector Budgets, but no Relief on the Labor Market. Economic Trends in the EU in 1997 Markus Marterbauer

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Bookmark: http://trove.nla.gov.au/version/151036
Physical Description
  • article
Language
  • English

Edition details

Title
  • Successful Consolidation of Public Sector Budgets, but no Relief on the Labor Market. Economic Trends in the EU in 1997
Author
  • Markus Marterbauer
Physical Description
  • article
Notes
  • In 1997, the European economy grew by 2.6 percent in real terms. In several economies of the European Union the expansion in aggregate demand and output accelerated in the second half of 1997, and the economic upswing became more broad-based. The fulfillment of the convergence criteria for membership in the European Economic and Monetary Union was at the center of economic policy-making. Meeting the Maastricht criteria, especially the financial ones, required serious efforts on the part of some countries. No improvement was recorded on the labor market; employment gains were weak, and unemployment persisted at a high level (with an unemployment rate of 10¾ percent).
  • Erfolgreiche Haushaltssanierung, aber keine Verbesserung auf dem Arbeitsmarkt. Wirtschaftstendenzen in der EU 1997; Successful Consolidation of Public Sector Budgets, but no Relief on the Labor Market. Economic Trends in the EU in 1997
  • RePEc:wfo:monber:y:1998:i:4:p:233-238
Language
  • English
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