IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Weakness of Aggregate Demand to be Gradually Overcome. Economic Outlook for 2003 and 2004

Listed author(s):
  • Markus Marterbauer


The Austrian economy is set to expand by 0.7 percent in 2003, significantly below the long-term trend for the third consecutive year. However, unlike in 2001 and 2002, growth is sustained this year by domestic demand. Private consumption and trade volumes have picked up somewhat, as has investment in construction and business equipment. Prospects for 2004 continue to be highly uncertain. If the nascent optimism suggested by business and consumer surveys in Europe became confirmed by a recovery in output, a moderate cyclical upturn should come under way. Austria's GDP should then grow by 1.4 percent in volume. Over the whole projection period, growth will not be strong enough as to lead to a turnaround on the labour market. The rate of unemployment will increase slightly to 7.1 percent of the dependent labour force. The general government balance will in both years register a deficit corresponding to about 1 percent of GDP. Price stability is set to remain high, with an inflation rate around 1¼ 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:
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): 8 (2003)
Issue (Month): 4 (November)
Pages: 118-130

in new window

Handle: RePEc:wfo:wquart:y:2003:i:4:p:118-130
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:

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:2003:i:4:p:118-130. 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.