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Business Cycle Recovery Delayed. Economic Outlook for 2002 and 2003


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  • Ewald Walterskirchen


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    The slide on stock markets has shaken confidence of consumers and business world-wide. The business cycle recovery is thereby being delayed. The Austrian economy is projected to grow by barely 1 percent this year, and by over 2 percent in 2003. The slow pace of activity is causing a sharp rise in unemployment and an overrun in budget deficits. The recovery expected for next year is based on the assumption of a consolidation on stock markets and an unwinding of the negative investment cycle.

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    Bibliographic Info

    Article provided by WIFO in its journal Quarterly.

    Volume (Year): 7 (2002)
    Issue (Month): 4 (October)
    Pages: 156-166

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    Handle: RePEc:wfo:wquart:y:2002:i:4:p:156-166

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    Keywords: Business Cycle Analyses; Outlook; Austria; Business Cycle Recovery Delayed. Economic Outlook for 2002 and 2003;


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