Cyclical Recovery in Danger of Stalling. Economic Outlook for 2004 and 2005
Real GDP is projected to advance at a modest 1.5 percent in the current year. In the last few months, uncertainty has mounted about the further trend notably in manufacturing. The outlook for GDP growth of 2¼ percent in 2005 is particularly vague given the recent mixed signals from leading indicator...| Link(s) zu Dokument(en): | WIFO Publikation |
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| Veröffentlicht in: | WIFO Monatsberichte (monthly reports) |
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| Format: | article |
| Sprache: | Englisch |
| Veröffentlicht: |
2004
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| Zusammenfassung: | Real GDP is projected to advance at a modest 1.5 percent in the current year. In the last few months, uncertainty has mounted about the further trend notably in manufacturing. The outlook for GDP growth of 2¼ percent in 2005 is particularly vague given the recent mixed signals from leading indicators. Employment growth remains insufficient against a strong increase in labour supply, with unemployment rising to a total of nearly 250,000. |
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