IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

Economic Activity Moving Closer to its Potential in the Medium Term. Projections for the Austrian Economy from 2003 to 2008

  • Josef Baumgartner

    (WIFO)

  • Serguei Kaniovski

    (WIFO)

  • Ewald Walterskirchen

    (WIFO)

In the course of 2004, cyclical stimulus from the USA will lead to a recovery also in Europe that should continue over the whole projection period. The major risk derives at present from the high euro exchange rate which may hold back the momentum of the European economy. Under such external conditions, Austria's GDP, at constant 1995 prices, is expected to expand by 2.3 percent p.a. from 2003 to 2008. Growth should thus exceed somewhat the annual pace of 2.1 percent recorded over the period 1997-2003. From 2001 to 2003, activity in Austria was constrained by cyclical sluggishness abroad. Over the years to come, with the expected improvement in global economic conditions, it should be able to move towards its full potential. Rising labour supply in Austria will provide sufficient scope in this regard.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.wifo.ac.at/wwa/pubid/24856
File Function: Abstract
Download Restriction: Payment required

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Article provided by WIFO in its journal WIFO-Monatsberichte.

Volume (Year): 77 (2004)
Issue (Month): 2 (February)
Pages: 109-118

as
in new window

Handle: RePEc:wfo:monber:y:2004:i:2:p:109-118
Contact details of provider: Postal: Arsenal Object 20, A-1030 Wien
Phone: (+43 1) 798 26 01-0
Fax: (+43 1) 798 93 86
Web page: http://www.wifo.ac.at/

More information through EDIRC

Order Information: Postal: Austrian Institute of Economic Research Publikationsverkauf und Abonnentenbetreuung Arsenal, Objekt 20 A-1030 Vienna/Austria
Email:


No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:wfo:monber:y:2004:i:2:p:109-118. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ilse Schulz)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.