Temporary Slowdown in Economic Growth. Economic Outlook for 2001 and 2002
The slackening of the business cycle in the USA, the fallout from higher oil prices, and a restrictive budgetary stance are set to dampen economic growth in 2001. Following the strong upturn in 2000 (+3.3 percent), demand and output in Austria are expected to expand by a more moderate 2.6 percent in...| 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: |
2001
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| Zusammenfassung: | The slackening of the business cycle in the USA, the fallout from higher oil prices, and a restrictive budgetary stance are set to dampen economic growth in 2001. Following the strong upturn in 2000 (+3.3 percent), demand and output in Austria are expected to expand by a more moderate 2.6 percent in 2001. The slower pace of activity will still allow unemployment to decline further, albeit by a narrower margin. Inflation should decelerate markedly if the assumptions of a fall in oil prices and a weaker dollar exchange rate are confirmed. With energy prices no longer exerting upward pressure, the annual inflation rate should abate to 1.5 percent in 2001. |
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