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Gradual Recovery Following Severe Recession. Medium-Term Projections for the Austrian Economy until 2014

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  • Josef Baumgartner

    (WIFO)

  • Serguei Kaniovski

    (WIFO)

  • Hans Pitlik

    (WIFO)

Abstract

The global financial and economic crisis will have an adverse effect on Austria's growth in the medium-term. Between 2010 and 2014, gross domestic product will expand by an average of 1.8 percent per year. The recession has lasting effects on the labour market and public finances. The inflation rate will remain low. The forecast assumes that measures to consolidate the public finances are taken as soon as the crisis is overcome in 2011.

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Bibliographic Info

Article provided by WIFO in its journal Quarterly.

Volume (Year): 15 (2010)
Issue (Month): 1 (February)
Pages: 13-24

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Handle: RePEc:wfo:wquart:y:2010:i:1:p:13-24

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  1. C. John McDermott & Robert F. Wescott, 1996. "An Empirical Analysis of Fiscal Adjustments," IMF Staff Papers, Palgrave Macmillan, Palgrave Macmillan, vol. 43(4), pages 725-753, December.
  2. von Hagen, Jurgen & Strauch, Rolf R, 2001. " Fiscal Consolidations: Quality, Economic Conditions, and Success," Public Choice, Springer, Springer, vol. 109(3-4), pages 327-46, December.
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