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High Euro Exchange Rate Weighing on Cyclical Recovery. Economic Outlook for 2005 and 2006

Author

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  • Ewald Walterskirchen

    (WIFO)

Abstract

The cyclical recovery is projected to continue, although being held back by the high euro exchange rate. The Austrian economy is set to grow by 2¼ percent in 2005, somewhat less than expected so far. Global risks deriving from high macro-economic imbalances have increased in recent months. The tax reform will contribute towards GDP growth in Austria exceeding the euro area average.

Suggested Citation

  • Ewald Walterskirchen, 2005. "High Euro Exchange Rate Weighing on Cyclical Recovery. Economic Outlook for 2005 and 2006," Austrian Economic Quarterly, WIFO, vol. 10(1), pages 1-11, January.
    • Handle: RePEc:wfo:wquart:y:2005:i:1:p:1-11
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    Keywords

    Economic Outlook; Austria;

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