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Cyclical Recovery Expected to Proceed Smoothly. Economic Outlook for 2002 and 2003

Author

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  • Ewald Walterskirchen

    (WIFO)

Abstract

The business cycle recovery in the USA will have a positive impact on Europe already in the first half of 2002, leading to a pickup in economic growth. Activity in Austria should thus gain strength from quarter to quarter. As the recovery starts from a low level early this year, the average rate of growth in 2002 may only be 1.2 percent, before accelerating to 2.8 percent in 2003.

Suggested Citation

  • Ewald Walterskirchen, 2002. "Cyclical Recovery Expected to Proceed Smoothly. Economic Outlook for 2002 and 2003," Austrian Economic Quarterly, WIFO, vol. 7(2), pages 51-60, May.
    • Handle: RePEc:wfo:wquart:y:2002:i:2:p:51-60
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