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Favourable Growth Prospects Beyond the Temporary Downturn. Medium-term Projections for the Austrian Economy Until 2005

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  • Austrian Institute of Economic Research

    (Austrian Institute of Economic Research)

Abstract

The current cyclical slowdown world-wide should prove short-lived; over the medium term, the Austrian economy is set to expand at an average 2.4 percent p.a. Major stimulus will come from exports, spreading to private investment. Employment should rise by 23,000 or 0.8 percent per year; the number of part-time jobs may increase above-average, as a consequence of the introduction of the child-care allowance in 2002. The rate of unemployment (as calculated by the labour market service) will first remain flat, before abating to 5.2 percent by 2005.

Suggested Citation

  • Austrian Institute of Economic Research, 2001. "Favourable Growth Prospects Beyond the Temporary Downturn. Medium-term Projections for the Austrian Economy Until 2005," Austrian Economic Quarterly, WIFO, vol. 6(3), pages 133-140, August.
    • Handle: RePEc:wfo:wquart:y:2001:i:3:p:133-140
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