English, Article edition: High Euro Exchange Rate Weighing on Cyclical Recovery. Economic Outlook for 2005 and 2006 Ewald Walterskirchen

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Bookmark: http://trove.nla.gov.au/version/65127
Physical Description
  • article
Language
  • English

Edition details

Title
  • High Euro Exchange Rate Weighing on Cyclical Recovery. Economic Outlook for 2005 and 2006
Author
  • Ewald Walterskirchen
Physical Description
  • article
Notes
  • The cyclical recovery is projected to continue, although being held back by the high euro exchange rate. The Austrian economy is set to grow by 2¼ percent in 2005, somewhat less than expected so far. Global risks deriving from high macro-economic imbalances have increased in recent months. The tax reform will contribute towards GDP growth in Austria exceeding the euro area average.
  • RePEc:wfo:wquart:y:2005:i:1:p:1-11
  • Driven by buoyant exports, the Austrian economy grew by around 2 percent in 2004. For 2005 and 2006, growth is projected at an annual 2¼ percent, boosted in 2005 by the second step of tax cuts, and by some pick-up in the pace of activity in the euro area in 2006. Major uncertainty surrounds the exchange rate of the euro, where a further upward drift may weaken the cyclical recovery in the euro area.
  • Economic Outlook Austria
  • RePEc:wfo:monber:y:2005:i:1:p:15-16
Language
  • English
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