English, Article edition: Higher Oil Prices and Budgetary Consolidation Dampen Economic Growth. Economic Outlook for 2000 and 2001 Ewald Walterskirchen

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Physical Description
  • article
Language
  • English

Edition details

Title
  • Higher Oil Prices and Budgetary Consolidation Dampen Economic Growth. Economic Outlook for 2000 and 2001
Author
  • Ewald Walterskirchen
Physical Description
  • article
Notes
  • The massive rise in oil prices and more determined policy efforts to consolidate public finances will make for a slowdown in economic growth next year. Following a strong cyclical upswing in 2000 (+3.5 percent), activity is set to expand by a more moderate 2.8 percent in 2001. Inflation is expected to abate once oil prices start falling from their current peak, and the rate of unemployment should remain on a clear downward trend. The general government deficit target of ¾ percent of GDP can be met on the basis of the tighter fiscal stance, while the public revenue/​GDP ratio will rise significantly.
  • RePEc:wfo:wquart:y:2000:i:4:p:155-162
  • The rise in crude oil prices and more determined efforts to consolidate public finances will make for slower economic growth next year. Following a strong cyclical upswing in 2000 (+3.5 percent), activity is set to expand by a more moderate 2.8 percent in 2001.
  • Higher Oil Prices and Budgetary Consolidation Dampen Economic Growth. Economic Outlook for 2000 and 2001
  • RePEc:wfo:monber:y:2000:i:10:p:587-588
Language
  • English
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