IDEAS home Printed from https://ideas.repec.org/a/wfo/wquart/y1997i1p3-10.html
   My bibliography  Save this article

Cyclical Recovery At High Current Account Deficits. Economic Outlook for 1997 and 1998

Author

Listed:
  • Markus Marterbauer

    (WIFO)

Abstract

Expansion of foreign demand will continue to be the driving force behind economic activity in 1997 and 1998, providing stimulus notably to industrial production and to investment in machinery and equipment. Domestic demand should stay weak under the impact of fiscal policy restriction. With real GDP growth projected at 1.2 percent in 1997 and 2.2 percent in 1998, unemployment may only level off in the latter year. Persistent current account deficits of more than 1½ percent of GDP are becoming a matter of policy concern.

Suggested Citation

  • Markus Marterbauer, 1997. "Cyclical Recovery At High Current Account Deficits. Economic Outlook for 1997 and 1998," Austrian Economic Quarterly, WIFO, vol. 2(1), pages 3-10, January.
    • Handle: RePEc:wfo:wquart:y:1997:i:1:p:3-10
    as

    Download full text from publisher

    File URL: https://www.wifo.ac.at/wwa/pubid/379
    File Function: abstract
    Download Restriction: Payment required
    ---><---

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

    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:wquart:y:1997:i:1:p:3-10. See general information about how to correct material in RePEc.

    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 bibliographic 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Florian Mayr (email available below). General contact details of provider: https://edirc.repec.org/data/wifooat.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.