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Repercussions of Financial Market Crisis Weighing on Medium-Term Growth. Projections for the Austrian Economy until 2013

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Author Info

  • Josef Baumgartner

    (WIFO)

  • Serguei Kaniovski

    (WIFO)

  • Ewald Walterskirchen

    (WIFO)

Registered author(s):

    Abstract

    The global economic crisis will slow down Austria's economic growth over the medium term. Over the period from 2009 to 2013, real GDP is expected to grow on average by 1.3 percent p.a. The cyclical downturn will have a negative impact on the labour market and public finances, while keeping inflation low. Restoring the balance of public finances in the aftermath of the crisis would require a determined effort by the government.

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    Bibliographic Info

    Article provided by WIFO in its journal Quarterly.

    Volume (Year): 14 (2009)
    Issue (Month): 1 (March)
    Pages: 11-22

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    Handle: RePEc:wfo:wquart:y:2009:i:1:p:11-22

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    Related research

    Keywords: Medium-term Projections for Austria; Financial Market Crisis; Medium-term Growth; Projections; Austrian Economy; Austria;

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