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Repercussions of Financial Market Crisis Weighing on Medium-Term Growth. Projections for the Austrian Economy until 2013


  • Josef Baumgartner


  • Serguei Kaniovski


  • Ewald Walterskirchen



The global economic crisis will slow down Austria's economic growth over the medium term. Over the period from 2009 to 2013, real GDP is expected to grow on average by 1.3 percent p.a. The cyclical downturn will have a negative impact on the labour market and public finances, while keeping inflation low. Restoring the balance of public finances in the aftermath of the crisis would require a determined effort by the government.

Suggested Citation

  • Josef Baumgartner & Serguei Kaniovski & Ewald Walterskirchen, 2009. "Repercussions of Financial Market Crisis Weighing on Medium-Term Growth. Projections for the Austrian Economy until 2013," Austrian Economic Quarterly, WIFO, vol. 14(1), pages 11-22, March.
  • Handle: RePEc:wfo:wquart:y:2009:i:1:p:11-22

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    References listed on IDEAS

    1. Jakob von Weizsäcker, 2009. "Estimating the size of the European stimulus packages," Policy Contributions 266, Bruegel.
    2. Alois Guger & Thomas Leoni, 2007. "International Unit Labour Cost Position Improved in 2006," Austrian Economic Quarterly, WIFO, vol. 12(4), pages 189-198, December.
    3. Alois Guger, 2003. "International Unit Labour Cost Position Slightly Improved in 2002," WIFO Monatsberichte (monthly reports), WIFO, vol. 76(9), pages 683-691, September.
    4. Werner Hölzl & Thomas Leoni & Christine Zulehner, 2009. "International Unit Labour Cost Position in 2008 Improved," WIFO Monatsberichte (monthly reports), WIFO, vol. 82(9), pages 703-714, September.
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