Business Cycle Recovery Delayed. Economic Outlook for 2002 and 2003

Ewald Walterskirchen
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Ewald Walterskirchen: WIFO

Austrian Economic Quarterly, 2002, vol. 7, issue 4, 156-166

Abstract: The slide on stock markets has shaken confidence of consumers and business world-wide. The business cycle recovery is thereby being delayed. The Austrian economy is projected to grow by barely 1 percent this year, and by over 2 percent in 2003. The slow pace of activity is causing a sharp rise in unemployment and an overrun in budget deficits. The recovery expected for next year is based on the assumption of a consolidation on stock markets and an unwinding of the negative investment cycle.

Keywords: Business Cycle Analyses; Outlook; Austria; Business Cycle Recovery Delayed. Economic Outlook for 2002 and 2003 (search for similar items in EconPapers)
Date: 2002
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