English, Article edition: Export-led Recovery Provides Little Relief for Current Account. Economic Outlook for 1997 and 1998 Georg M. Busch

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Physical Description
  • article
Language
  • English

Edition details

Title
  • Export-led Recovery Provides Little Relief for Current Account. Economic Outlook for 1997 and 1998
Author
  • Georg M. Busch
Physical Description
  • article
Notes
  • By 1998, GDP growth should return to its medium-term trend, thereby narrowing the gap vis-à-vis the OECD average. The labor market, while maintaining overall stability, may still not be able to offer a sufficient number of new employment opportunities. In the approach to European Monetary Union, economic policy and financial markets will be going through a critical phase.
  • RePEc:wfo:wquart:y:1997:i:2:p:59-66
  • Merchandise exports should strengthen markedly in 1997 and give greater momentum to GDP growth. Domestic demand is set to remain subdued, even if restrictive demand effects from fiscal consolidation may prove weaker than initially expected. The current external account remains in considerable deficit indicating structural deficiencies in a number of sectors. On the domestic market in particular, the competitive position of Austrian suppliers appears fragile.
  • Export-led Recovery Provides Little Relief for Current Account. Economic Outlook for 1997 and 1998
  • RePEc:wfo:monber:y:1997:i:4:p:199-200
Language
  • English
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