English, Article edition: Modest Recovery Continues Markus Marterbauer

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Physical Description
  • article
Language
  • English

Edition details

Title
  • Modest Recovery Continues
Author
  • Markus Marterbauer
Physical Description
  • article
Notes
  • In western Europe, the gradual expansion of economic activity continued, but an investment-led rebound has not yet set in. Austria's export industry benefited from the growth in export markets as well as from the gain in international price competitiveness. The recovery is too weak, however, to ease the problems in the labor market.
  • RePEc:wfo:wquart:y:1997:i:3:p:119-126
  • The growth of industrial output is mainly supported by the expansion in export markets and a substantial improvement in cost competitiveness as a result of the favorable development of labor costs and foreign exchange rates. Merchandise and tourism imports are expanding, however, at an even faster pace than exports. Disequilibrium in the current account is becoming ever more serious. The increase in the demand for labor is mostly reflected in an expansion of part-time employment. Unemployment remains high. Inflationary pressures are low.
  • Modest Recovery Continues
  • RePEc:wfo:monber:y:1997:i:7:p:403-404
Language
  • English
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