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Strong Growth in Manufacturing and Sizable Employment Gains. Economic Outlook for 1998 and 1999

Author

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  • Markus Marterbauer

    (WIFO)

Abstract

Driven by strong exports of goods and lively industrial activity and investment, the Austrian economy is set to grow by 3 percent in volume this year. In 1999, with private consumption becoming a major force of expansion, GDP growth should accelerate further, to an average rate of 3.2 percent. Output strength will stimulate demand for labor and push employment to a new high, while allowing unemployment to recede in 1999 for the first time since 1994.

Suggested Citation

  • Markus Marterbauer, 1998. "Strong Growth in Manufacturing and Sizable Employment Gains. Economic Outlook for 1998 and 1999," WIFO Monatsberichte (monthly reports), WIFO, vol. 71(7), pages 455-456, July.
  • Handle: RePEc:wfo:monber:y:1998:i:7:p:455-456
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