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

Economic Growth Dampened by Oil Price Hike, but Exceeding the Euro Area Average. Economic Outlook for 2005 and 2006

Listed author(s):
  • Markus Marterbauer


Growth of real GDP will amount to 1.7 percent this year, once more undershooting the long-term average by a substantial margin. The main retarding element is the high energy prices which will drive up the rate of inflation, while weighing on consumption of private households. Exports will keep a strong momentum after their jump in 2004. The WIFO business survey of last September suggests a pick-up in industrial confidence. However, investment in machinery and equipment has so far failed to respond and is unlikely to reach the level of last year. Since May first 2005, economic policy has taken a number of expansionary measures, such as an increase in off-budget spending on infrastructure, in outlays for research and development as well as for active labour market policy. These measures will slightly accelerate the pace of growth in 2006 to a rate just above the euro area average. The implicit budgetary burden will, however, make for some increase in the general government deficit.

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): 10 (2005)
Issue (Month): 4 (November)
Pages: 127-137

in new window

Handle: RePEc:wfo:wquart:y:2005:i:4:p:127-137
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:2005:i:4:p:127-137. 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.