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Cyclical Recovery in Danger of Stalling. Economic Outlook for 2004 and 2005

Author

Listed:
  • Markus Marterbauer

    (WIFO)

Abstract

Real GDP is projected to advance at a modest 1.5 percent in the current year. In the last few months, uncertainty has mounted about the further trend notably in manufacturing. The outlook for GDP growth of 2¼ percent in 2005 is particularly vague given the recent mixed signals from leading indicators. Employment growth remains insufficient against a strong increase in labour supply, with unemployment rising to a total of nearly 250,000.

Suggested Citation

  • Markus Marterbauer, 2004. "Cyclical Recovery in Danger of Stalling. Economic Outlook for 2004 and 2005," WIFO Economic Outlook, WIFO, number 24974, November.
  • Handle: RePEc:wfo:wkprog:24974
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    File URL: https://www.wifo.ac.at/wwa/pubid/24974
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