Strong Growth in Manufacturing and Sizable Employment Gains. Economic Outlook for 1998 and 1999

Markus Marterbauer

WIFO Monatsberichte (monthly reports), 1998, vol. 71, issue 7, 455-456

Abstract: Driven by strong exports of goods and lively industrial activity and investment, the Austrian economy is set to grow by 3 percent in volume this year. In 1999, with private consumption becoming a major force of expansion, GDP growth should accelerate further, to an average rate of 3.2 percent. Output strength will stimulate demand for labor and push employment to a new high, while allowing unemployment to recede in 1999 for the first time since 1994.

Keywords: Strong; Growth; in; Manufacturing; and; Sizable; Employment; Gains.; Economic; Outlook; for; 1998; and; 1999 (search for similar items in EconPapers)
Date: 1998
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