Cyclical Weakening Leading to Higher Unemployment. Economic Outlook for 1996 and 1997
The marked deterioration of the international scenario is the crucial element in the revision of the short-term outlook. Exports and domestic investment are clearly losing momentum. Austrian GDP is projected to rise by only ¾ percent in 1996 and by 1 percent in 1997. Slow growth will lead to a furth...| Link(s) zu Dokument(en): | WIFO Publikation |
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| Veröffentlicht in: | Austrian Economic Quarterly |
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| Format: | article |
| Sprache: | Englisch |
| Veröffentlicht: |
1996
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| Zusammenfassung: | The marked deterioration of the international scenario is the crucial element in the revision of the short-term outlook. Exports and domestic investment are clearly losing momentum. Austrian GDP is projected to rise by only ¾ percent in 1996 and by 1 percent in 1997. Slow growth will lead to a further decline in employment and an increase in unemployment to a new record high. The comprehensive fiscal consolidation program of the Federal Government should bring down the general government deficit to its target value. |
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