IDEAS home Printed from https://ideas.repec.org/a/wfo/monber/y2005i10p663-664.html
   My bibliography  Save this article

Economic Growth Dampened by Oil Price Hike, but Exceeding the Euro Area Average. Economic Outlook for 2005 and 2006

Author

Listed:
  • Markus Marterbauer

    (WIFO)

Abstract

GDP growth will reach only 1.7 percent this year and is expected to move but to a marginally higher rate in 2006. The high energy prices are eating into real disposable income of private households and thereby into consumer demand. Latest survey results show an improvement in industrial confidence which may lead to a recovery in machinery and equipment investment from its low level. Higher public spending on infrastructure, research and the upgrading of qualifications of the labour force has led to a positive growth differential vis-à-vis the euro area, while at the same time widening the budget deficit somewhat further.

Suggested Citation

  • Markus Marterbauer, 2005. "Economic Growth Dampened by Oil Price Hike, but Exceeding the Euro Area Average. Economic Outlook for 2005 and 2006," WIFO Monatsberichte (monthly reports), WIFO, vol. 78(10), pages 663-664, October.
  • Handle: RePEc:wfo:monber:y:2005:i:10:p:663-664
    as

    Download full text from publisher

    File URL: https://www.wifo.ac.at/wwa/pubid/25767
    File Function: Abstract
    Download Restriction: Payment required

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    More about this item

    Keywords

    Economic Outlook Austria;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wfo:monber:y:2005:i:10:p:663-664. 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). General contact details of provider: http://edirc.repec.org/data/wifooat.html .

    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.

    We have no references for this item. You can help adding them by using 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.