IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Log in (now much improved!) to save this article

Marked Deceleration of Growth Due to Weaker External Environment. Economic Outlook for 2001 and 2002

Listed author(s):
  • Markus Marterbauer

    (WIFO)

GDP growth in Austria is set to decelerate from 3.2 percent in 2000 to 2.2 on average 2001, mainly on account of less favourable developments in the world economy. In the USA, economic growth has fallen to a virtual standstill, for the whole year it is unlikely to exceed 1 percent. Activity in Europe will be dragged down by weaker foreign trade, while large-scale tax cuts should lend firm support to domestic demand. Growth of GDP is expected at around 2¼ percent. Weaker demand from key trading partners is putting a brake on Austrian export growth and, in the following, on manufacturing output and business investment in machinery and equipment. Domestic demand has lost considerable momentum under the impact of sizeable tax increases. The slower pace of overall growth bears down on the creation of new jobs, and will also inhibit further progress in budgetary consolidation in 2002. The fall in energy prices from last year's peak will dampen the overall rise in consumer prices, the rate of inflation being expected to decline to 1.7 percent.

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/20285
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 Quarterly.

Volume (Year): 6 (2001)
Issue (Month): 2 (April)
Pages: 37-46

as
in new window

Handle: RePEc:wfo:wquart:y:2001:i:2:p:37-46
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

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:wquart:y:2001:i:2:p:37-46. 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.