English, Article edition: Temporary Slowdown in Economic Growth. Economic Outlook for 2001 and 2002 Ewald Walterskirchen

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Physical Description
  • article
Language
  • English

Edition details

Title
  • Temporary Slowdown in Economic Growth. Economic Outlook for 2001 and 2002
Author
  • Ewald Walterskirchen
Physical Description
  • article
Notes
  • The slackening of the business cycle in the USA, the fallout from higher oil prices, and a restrictive budgetary stance are set to dampen economic growth in 2001. Following the strong upturn in 2000 (+3.3 percent), demand and output in Austria are expected to expand by a more moderate 2.6 percent in 2001. The slower pace of activity will still allow unemployment to decline further, albeit by a narrower margin. Inflation should decelerate markedly if the assumptions of a fall in oil prices and a weaker dollar exchange rate are confirmed. With energy prices no longer exerting upward pressure, the annual inflation rate should abate to 1.5 percent in 2001.
  • RePEc:wfo:wquart:y:2001:i:1:p:1-11
  • The slackening of the business cycle in the USA and the consequences of the rise in oil prices are set to dampen economic growth in the months to come. Following the strong cyclical upturn in 2000 (+3.3 percent), demand and output in Austria are expected to expand by a more moderate 2.6 percent in 2001, before re-gaining momentum in 2002. The somewhat slower pace of activity will still allow unemployment to decline further. Inflation is also likely to abate markedly, if the most recent moves to a downward trend in both oil prices and the dollar exchange rate are confirmed.
  • Temporary Slowdown in Economic Growth. Economic Outlook for 2001 and 2002
  • RePEc:wfo:monber:y:2001:i:1:p:13-14
Language
  • English
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