High Euro Exchange Rate Weighing on Cyclical Recovery. Economic Outlook for 2005 and 2006
Driven by buoyant exports, the Austrian economy grew by around 2 percent in 2004. For 2005 and 2006, growth is projected at an annual 2¼ percent, boosted in 2005 by the second step of tax cuts, and by some pick-up in the pace of activity in the euro area in 2006. Major uncertainty surrounds the exch...| Link(s) zu Dokument(en): | WIFO Publikation |
|---|---|
| Veröffentlicht in: | WIFO Monatsberichte (monthly reports) |
| 1. Verfasser: | |
| Format: | article |
| Sprache: | Englisch |
| Veröffentlicht: |
2005
|
| Schlagworte: |
| Zusammenfassung: | Driven by buoyant exports, the Austrian economy grew by around 2 percent in 2004. For 2005 and 2006, growth is projected at an annual 2¼ percent, boosted in 2005 by the second step of tax cuts, and by some pick-up in the pace of activity in the euro area in 2006. Major uncertainty surrounds the exchange rate of the euro, where a further upward drift may weaken the cyclical recovery in the euro area. |
|---|