IDEAS home Printed from https://ideas.repec.org/a/wfo/wquart/y2000i1p19-24.html
   My bibliography  Save this article

Favourable Medium-term Growth Prospects but Sustained Budget Problems. Medium-term Projection for the Austrian Economy 2000 to 2004

Author

Listed:
  • Josef Baumgartner
  • Ewald Walterskirchen

    (WIFO)

  • Andrea Weber

    (WIFO)

Abstract

During the projection period of 1999–2004, the Austrian GDP is expected to average a growth of 2.5 percent p.a. in real terms. It will thus grow at a marginally lower rate than the EU average, as measures expected to be taken to consolidate the Austrian budget will act as a slight brake. Consequent to vigorous expansion in Europe, exports will develop dynamically. Austrian exports will rise to 50 percent of GDP. Employment continues its strong expansion. However, since growth is concentrated on part-time jobs, unemployment will decline only slightly. The NAP target of reducing the unemployment rate to 3.5 percent by 2002 can thus be met only by taking additional labour market policy measures. Dynamic growth prospects by itself will not suffice to make a major dent into the problems of public households.

Suggested Citation

  • Josef Baumgartner & Ewald Walterskirchen & Andrea Weber, 2000. "Favourable Medium-term Growth Prospects but Sustained Budget Problems. Medium-term Projection for the Austrian Economy 2000 to 2004," Austrian Economic Quarterly, WIFO, vol. 5(1), pages 19-24, February.
    • Handle: RePEc:wfo:wquart:y:2000:i:1:p:19-24
    as

    Download full text from publisher

    File URL: https://www.wifo.ac.at/wwa/pubid/13632
    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.

    References listed on IDEAS

    as
    1. Markus Marterbauer, 1999. "Export Recovery and Tax Reform Accelerating the Pace of Growth. Economic Outlook for 1999 and 2000," WIFO Monatsberichte (monthly reports), WIFO, vol. 72(10), pages 679-680, October.
    2. Marcus Scheiblecker, 1999. "Die Volkswirtschaftliche Gesamtrechnung nach dem ESVG 1995," WIFO Monatsberichte (monthly reports), WIFO, vol. 72(10), pages 683-692, October.
    3. Markus Marterbauer, 2000. "Budgetary and Labour Market Policies Facing Major Challenges Despite Faster Growth. Economic Outlook for 1999 to 2001," WIFO Monatsberichte (monthly reports), WIFO, vol. 73(1), pages 15-16, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.

      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:2000:i:1:p:19-24. 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.

      If CitEc recognized a bibliographic reference but did not link an item in RePEc 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 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.