Strong Cyclical Upswing Leaves Budgetary Problems Unresolved. Economic Outlook for 2000 and 2001

Markus Marterbauer

WIFO Monatsberichte (monthly reports), 2000, vol. 73, issue 4, 229-230

Abstract: Accelerated export growth and solid expansion of domestic demand suggest the Austrian economy will grow by 3.1 percent in volume this year – an upward correction by ¼ percentage point from last December's projections. In 2001, growth may decelerate somewhat (+2.7 percent) under the impact of slackening activity abroad and, more importantly, a stronger demand-restraining impact of domestic budgetary retrenchment. Fiscal policy action, while limiting government net borrowing at a ratio of 2 percent of GDP, will contribute to somewhat stronger inflation. The labour market will benefit from the favourable business cycle trend.

Keywords: Strong; Cyclical; Upswing; Leaves; Budgetary; Problems; Unresolved.; Economic; Outlook; for; 2000; and; 2001 (search for similar items in EconPapers)
Date: 2000
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