Economic Outlook for 2003 and 2004: Business Cycle Upturn not in Sight
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 ave...| Link(s) zu Dokument(en): | WIFO Publikation |
|---|---|
| Veröffentlicht in: | WIFO Economic Outlook |
| 1. Verfasser: | |
| Format: | book |
| Sprache: | Englisch |
| Veröffentlicht: |
2003
|
| Schlagworte: |
| Zusammenfassung: | 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. |
|---|