English, Article edition: Economic Growth Remaining Subdued. Economic Outlook for 2003 and 2004 Markus Marterbauer

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Bookmark: http://trove.nla.gov.au/version/99584
Physical Description
  • article
Language
  • English

Edition details

Title
  • Economic Growth Remaining Subdued. Economic Outlook for 2003 and 2004
Author
  • Markus Marterbauer
Physical Description
  • article
Notes
  • Economic activity is expected to expand by only 1.1 percent in 2003. Thus, for the third year in a row, economic growth will be only 1 percent per year. Prospects for 2004 are fraught with great uncertainties regarding the geo-political development and the reaction of economic policy. At present, growth is projected at 1.7 percent. Both in 2003 and 2004, the rate of expansion is likely to be the same as in the euro area. A cyclical recovery in Europe seems feasible only if world-wide uncertainties subside and commodity prices ease markedly.
  • RePEc:wfo:wquart:y:2003:i:2:p:40-50
  • For the third year in a row, the Austrian economy will grow by only around 1 percent in 2003. Adding to the persistent weakness of domestic demand are the economic repercussions of geopolitical instability. For 2004, uncertainties are particularly large, with growth projected to stay below the long-term average (1.7 percent). Weak overall economic conditions will lead to a further rise in unemployment and a widening budget deficit.
  • Economic Outlook; Austria; Economic Growth Remaining Subdued. Economic Outlook for 2003 and 2004
  • RePEc:wfo:monber:y:2003:i:4:p:243-244
Language
  • English
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