Temporary Slowdown in Economic Growth. Economic Outlook for 2001 and 2002

Ewald Walterskirchen
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Ewald Walterskirchen: WIFO

Austrian Economic Quarterly, 2001, vol. 6, issue 1, 1-11

Abstract: The slackening of the business cycle in the USA, the fallout from higher oil prices, and a restrictive budgetary stance are set to dampen economic growth in 2001. Following the strong upturn in 2000 (+3.3 percent), demand and output in Austria are expected to expand by a more moderate 2.6 percent in 2001. The slower pace of activity will still allow unemployment to decline further, albeit by a narrower margin. Inflation should decelerate markedly if the assumptions of a fall in oil prices and a weaker dollar exchange rate are confirmed. With energy prices no longer exerting upward pressure, the annual inflation rate should abate to 1.5 percent in 2001.

Keywords: Temporary; Slowdown; in; Economic; Growth.; Economic; Outlook; for; 2001; and; 2002 (search for similar items in EconPapers)
Date: 2001
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