Stimulating Effects of Tax Cuts Dampened by Counter-Financing Measures. Economic Outlook for 2015 and 2016

Stefan Schiman

WIFO Bulletin, 2015, vol. 20, issue 13, 145-155

Abstract: At a projected rate of 0.5 percent for 2015, GDP growth in Austria remains subdued for the fourth consecutive year. With intra-EU trade picking up in 2016, domestic growth should accelerate to 1.3 percent. Exports will also be sustained by the significant depreciation of the euro. The tax reform 2015-16 will give support to private demand, while restraining public consumption. The moderate pace of growth over the projection period will not bring the rise in unemployment to a halt.

Keywords: Business Cycle; Economic Outlook; Forecast (search for similar items in EconPapers)
Date: 2015
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Book: Stimulating Effects of Tax Cuts Dampened By Counter-Financing Measures. Economic Outlook for 2015 and 2016 (2015)
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