Cyclical Weakening Leading to Higher Unemployment. Economic Outlook for 1996 and 1997

Markus Marterbauer

Austrian Economic Quarterly, 1996, vol. 1, issue 2, 59-64

Abstract: The marked deterioration of the international scenario is the crucial element in the revision of the short-term outlook. Exports and domestic investment are clearly losing momentum. Austrian GDP is projected to rise by only ¾ percent in 1996 and by 1 percent in 1997. Slow growth will lead to a further decline in employment and an increase in unemployment to a new record high. The comprehensive fiscal consolidation program of the Federal Government should bring down the general government deficit to its target value.

Keywords: Cyclical; Weakening; Leading; to; Higher; Unemployment.; Economic; Outlook; for; 1996; and; 1997 (search for similar items in EconPapers)
Date: 1996
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