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Economic Outlook for 2003 and 2004: Business Cycle Upturn not in Sight

Author

Listed:
  • Markus Marterbauer

    (WIFO)

Abstract

In 2003, the economy will grow by only 0.7 percent. Under the current framework conditions of deficient overall demand in the euro area and a marked depreciation of the dollar vis-à-vis the euro, prospects of a cyclical rebound remain elusive even for 2004. With GDP growth projected at an annual average 1.2 percent, economic sluggishness may enter its fourth year.

Suggested Citation

  • Markus Marterbauer, 2003. "Economic Outlook for 2003 and 2004: Business Cycle Upturn not in Sight," WIFO Economic Outlook, WIFO, number 24384, December.
    • Handle: RePEc:wfo:wkprog:24384
    as

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    File URL: https://www.wifo.ac.at/wwa/pubid/24384
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