IDEAS home Printed from https://ideas.repec.org/a/wfo/wquart/y2005i2p55-65.html
   My bibliography  Save this article

Heightened Cyclical Risks. Economic Outlook for 2005 and 2006

Author

Listed:
  • Marcus Scheiblecker
  • Ewald Walterskirchen

    (WIFO)

Abstract

The projection for GDP growth in 2005 and 2006 remains unchanged, but the risk of adverse developments has increased. The further cyclical profile in the euro area is uncertain, since the gains in exports and corporate earnings have so far not translated into the expected higher investment and consumption. The high oil prices constitute a further risk element. The Austrian economy should fare better than the euro area average, on account of the demand incentives resulting from the tax reform. GDP is projected to grow at a steady 2¼ percent annual rate in 2005 and 2006. This will not suffice to lower the rate of unemployment, given the massive increase in labour supply.

Suggested Citation

  • Marcus Scheiblecker & Ewald Walterskirchen, 2005. "Heightened Cyclical Risks. Economic Outlook for 2005 and 2006," Austrian Economic Quarterly, WIFO, vol. 10(2), pages 55-65, April.
  • Handle: RePEc:wfo:wquart:y:2005:i:2:p:55-65
    as

    Download full text from publisher

    File URL: https://www.wifo.ac.at/wwa/pubid/25530
    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

    WIFO Economic Outlook;

    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:wquart:y:2005:i:2:p:55-65. 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.