English, Article edition: Acceleration of Export-Based Growth. Economic Outlook for 1997 and 1998 Markus Marterbauer

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/63117
Physical Description
  • article
Language
  • English

Edition details

Title
  • Acceleration of Export-Based Growth. Economic Outlook for 1997 and 1998
Author
  • Markus Marterbauer
Physical Description
  • article
Notes
  • In 1997 and 1998, the most important impulse for the Austrian economy will come from merchandise foreign trade. Exports are likely to benefit from the recovery of the European economies and the strength of the dollar, and will expand by 7 percent in 1997 and by 8 percent in 1998. Manufacturing output as well as investment in machinery and equipment will pick up markedly. In 1997, economic growth will accelerate to 1.6 percent in real terms. 1998 will see a recovery of domestic demand, and real GDP is expected to grow by 2 percent. The current account continues to record a serious disequilibrium. The current account deficit will rise to 2 percent of GDP as a result of soaring merchandise imports, high expenditures by Austrian tourists abroad, and high net transfers to the EU. The economic recovery in Austria has not yet been strong enough to ease the strains in the labor market. In 1998, the unemployment rate will decline only slightly, to 6.9 percent according to the traditional Austrian method, and to 4.3 percent according to Eurostat. Inflation pressures remain low; the rate of inflation is expected to be 1.4 percent in 1997 and 1.6 percent in 1998.
  • RePEc:wfo:wquart:y:1997:i:4:p:183-190
  • The economic recovery in Austria is projected to gain momentum in 1998 and 1999. With economic activity in Austria again expanding at the same rate as in the EU, growth is expected to accelerate to 2¾ percent and 3 percent in real terms. The gradual strengthening of domestic demand will relieve the labor market as well as the budgets of the public sector, but inflation will remain subdued.
  • RePEc:wfo:monber:y:1998:i:1:p:13-14
  • In 1997, the most important impulse for economic activity has come from the surge in merchandise exports – real GDP will increase by 1.6 percent. 1998 will see a recovery of domestic demand, supporting the buoyancy of foreign trade. With an economic growth rate of 2.5 percent, Austria will once again catch up to the EU average. Apart from the unfavorable situation in the labor market, the disequilibrium in the balance of payments will pose the greatest challenge to economic policy. Inflation remains subdued, however, and in 1997 Austria will fulfill the convergence criteria for entering the Monetary Union.
  • Acceleration of Export-Based Growth. Economic Outlook for 1997 and 1998
  • RePEc:wfo:monber:y:1997:i:9:p:525-526
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