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Repercussions of Financial Market Crisis Weighing on Medium-Term Growth. Projections for the Austrian Economy until 2013

Author

Listed:
  • Josef Baumgartner
  • Serguei Kaniovski
  • Ewald Walterskirchen

    (WIFO)

Abstract

The global economic crisis will slow down Austria's economic growth over the medium term. Over the period from 2009 to 2013, real GDP is expected to grow on average by 1.3 percent p.a. The cyclical downturn will have a negative impact on the labour market and public finances, while keeping inflation low. Restoring the balance of public finances in the aftermath of the crisis would require a determined effort by the government.

Suggested Citation

  • Josef Baumgartner & Serguei Kaniovski & Ewald Walterskirchen, 2009. "Repercussions of Financial Market Crisis Weighing on Medium-Term Growth. Projections for the Austrian Economy until 2013," Austrian Economic Quarterly, WIFO, vol. 14(1), pages 11-22, March.
    • Handle: RePEc:wfo:wquart:y:2009:i:1:p:11-22
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    References listed on IDEAS

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    1. Jakob von Weizsäcker, 2009. "Estimating the size of the European stimulus packages," Policy Contributions 266, Bruegel.
    2. Alois Guger & Thomas Leoni, 2007. "International Unit Labour Cost Position Improved in 2006," Austrian Economic Quarterly, WIFO, vol. 12(4), pages 189-198, December.
    3. Alois Guger, 2003. "Internationale Lohnstückkostenposition 2002 geringfügig verbessert," WIFO Monatsberichte (monthly reports), WIFO, vol. 76(9), pages 683-691, September.
    4. Werner Hölzl & Thomas Leoni & Christine Zulehner, 2009. "Internationale Lohnstückkostenposition 2008 leicht verbessert," WIFO Monatsberichte (monthly reports), WIFO, vol. 82(9), pages 703-714, September.
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    1. repec:kap:iaecre:v:17:y:2011:i:2:p:134-156 is not listed on IDEAS
    2. Johann Bröthaler & Michael Getzner, 2011. "Fiscal Autonomy and Total Government Expenditure: An Austrian Case-study," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 17(2), pages 134-156, May.

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