English, Article edition: Unemployment to Decline as Economic Activity Picks up. Economic Outlook for 1999 and 2000 Ewald Walterskirchen

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Physical Description
  • article
Language
  • English

Edition details

Title
  • Unemployment to Decline as Economic Activity Picks up. Economic Outlook for 1999 and 2000
Author
  • Ewald Walterskirchen
Physical Description
  • article
Notes
  • The present business cycle picture is closely in line with the last WIFO short-term projections. Industrial output has been recovering from its trough early this year. The forecast for overall GDP growth remains unchanged. Developments on the labour market have been better than expected. For the first time in five years, unemployment will recede markedly in 1999, due in particular to strong domestic demand, but also to a reinforcement of employment policy measures.
  • RePEc:wfo:monber:y:1999:i:7:p:457-458
  • The Austrian business cycle passed its trough at the turn of the year. Since then, cyclical indicators have tended upwards. Real GDP is projected to grow by 2.2 percent in 1999 and by 2.6 percent in 2000. Exports, while still subdued for the time being, are set to recover with the upturn in Europe and the stabilisation in the "emerging market" countries. Domestic demand should advance strongly in both years and contribute towards an improvement in the labour market. For the first time since 1994, unemployment is set to decline notably: by 10,000 in 1999, and a further 6,000 next year.
  • Unemployment to Decline as Economic Activity Picks up. Economic Outlook for 1999 and 2000
  • RePEc:wfo:wquart:y:1999:i:3:p:165-172
Language
  • English
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