English, Article edition: Medium-term Forecasts for the Austrian Economy until 2000. Budget Consolidation in Anticipation of the Economic and Monetary Union Fritz Schebeck

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Physical Description
  • article
Language
  • English

Edition details

Title
  • Medium-term Forecasts for the Austrian Economy until 2000. Budget Consolidation in Anticipation of the Economic and Monetary Union
Author
  • Fritz Schebeck
Physical Description
  • article
Notes
  • After a two year slump, Austria's economy is expected to recover in 1998. Over the whole forecast period 1995-2000 the economy will grow by 1.8 percent per year, a rate slightlyless than the rate forecast for the entire EU (2.1 percent). According to the forecast, net government borrowing is likely to fall to 3 percent of GDP by 1997, allowing Austria to meet the convergence criteria for participation in the monetary union of the EU. The pick-up in economic activity and a continuation of fiscal discipline might even reduce the net deficit rate to 2 percent by the year 2000.
  • Medium-term Forecasts for the Austrian Economy until 2000. Budget Consolidation in Anticipation of the Economic and Monetary Union
  • RePEc:wfo:wquart:y:1996:i:2:p:73-79
Language
  • English
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