English, Article edition: Sluggish Recovery in 2003. Economic Outlook for 2003 and 2004 Ewald Walterskirchen

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Bookmark: http://trove.nla.gov.au/version/98997
Physical Description
  • article
Language
  • English

Edition details

Title
  • Sluggish Recovery in 2003. Economic Outlook for 2003 and 2004
Author
  • Ewald Walterskirchen
Physical Description
  • article
Notes
  • The Austrian economy grew by slightly less than 1 percent in 2002. For 2003, only a gradual recovery of activity should be expected, given the subdued business climate world-wide. GDP growth for Austria, as well as for the euro area, is projected at 1¾ percent, below the medium-term trend.
  • Economic Outlook; Austria; Sluggish Recovery in 2003. Economic Outlook for 2003 and 2004
  • RePEc:wfo:monber:y:2003:i:1:p:15-17
  • Economic activity in Austria will pick up only gradually in 2003. Business and consumer expectations are improving hesitantly, given the high risks in financial, real estate and energy markets. Growth of GDP is projected at 1¾ percent for 2003, following the less than 1 percent in 2002. The slow pace of growth, remaining below the medium-term trend, will prevent both unemployment and the budget deficit from shrinking in 2003.
  • RePEc:wfo:wquart:y:2003:i:1:p:1-11
Language
  • English
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