High Euro Exchange Rate Weighing on Cyclical Recovery. Economic Outlook for 2005 and 2006

Ewald Walterskirchen
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Ewald Walterskirchen: WIFO

Austrian Economic Quarterly, 2005, vol. 10, issue 1, pages 1-11

Abstract: The cyclical recovery is projected to continue, although being held back by the high euro exchange rate. The Austrian economy is set to grow by 2¼ percent in 2005, somewhat less than expected so far. Global risks deriving from high macro-economic imbalances have increased in recent months. The tax reform will contribute towards GDP growth in Austria exceeding the euro area average.

Keywords: Economic Outlook; Austria (search for similar items in EconPapers)

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