Economic Outlook for 2003 and 2004: Business Cycle Upturn not in Sight

Markus Marterbauer

in WIFO Economic Outlook from WIFO

Abstract: In 2003, the economy will grow by only 0.7 percent. Under the current framework conditions of deficient overall demand in the euro area and a marked depreciation of the dollar vis-à-vis the euro, prospects of a cyclical rebound remain elusive even for 2004. With GDP growth projected at an annual average 1.2 percent, economic sluggishness may enter its fourth year.

Keywords: Economic Outlook; Business Cycle; Austria (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:wfo:wkprog:24384

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