{"id":103040,"date":"2024-01-22T13:27:38","date_gmt":"2024-01-22T12:27:38","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/103040\/"},"modified":"2024-11-07T02:50:46","modified_gmt":"2024-11-07T01:50:46","slug":"favourable-medium-term-growth-prospects-but-sustained-budget-problems-medium-term-projection-for-the-austrian-economy-2000-to-2004-2","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/103040\/","title":{"rendered":"Favourable Medium-term Growth Prospects but Sustained Budget Problems. Medium-term Projection for the Austrian Economy 2000 to 2004"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-103040","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"During the projection period of 1999\u20132004, the Austrian GDP is expected to average a growth of 2.5 percent p.a. in real terms. It will thus grow at a marginally lower rate than the EU average, as measures expected to be taken to consolidate the Austrian budget will act as a slight brake. Consequent to vigorous expansion in Europe, exports will develop dynamically. Austrian exports will rise to 50 percent of GDP. Employment continues its strong expansion. However, since growth is concentrated on part-time jobs, unemployment will decline only slightly. The NAP target of reducing the unemployment rate to 3.5 percent by 2002 can thus be met only by taking additional labour market policy measures. Dynamic growth prospects by itself will not suffice to make a major dent into the problems of public households.","onlinedate":"2000-02-10 12:00:00","lang":"English","publication_series":"","publication_date":"20000201","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"Favourable Medium-term Growth Prospects but Sustained Budget Problems. Medium-term Projection for the Austrian Economy 2000 to 2004\"]","jelcodes":"[]","related_publications":"[]","pdf":308580,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"5","monthly_report_pages":"19-24","monthly_report_pages_sort":"19","issue":"1","journal":"Austrian Economic Quarterly","publisher":"","invisible":false,"external":false,"embargo_date":"2000-02-10 12:00:00","types":[183747],"research_groups":[3500,3510],"collaboration":"","persons":[3530,3893,3522],"persons_data":"[{\"personId\":3530,\"personName\":\"Josef Baumgartner\",\"organisationNames\":[]},{\"personId\":3893,\"personName\":\"Ewald Walterskirchen\",\"organisationNames\":[]},{\"personId\":3522,\"personName\":\"Andrea Weber\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Baumgartner, J.<\\\/span><span>, Walterskirchen, E.<\\\/span><span>, &amp; Weber, A.<\\\/span> (2000). <span>Favourable Medium-term Growth Prospects but Sustained Budget Problems. Medium-term Projection for the Austrian Economy 2000 to 2004<\\\/span>. <span><em>Austrian Economic Quarterly<\\\/em><\\\/span>, <em>5<\\\/em>(1), 19-24. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/13632\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/13632<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Baumgartner J<\\\/span><span>, Walterskirchen E<\\\/span><span>, Weber A<\\\/span>. <span class=\\\"title\\\"><span>Favourable Medium-term Growth Prospects but Sustained Budget Problems. Medium-term Projection for the Austrian Economy 2000 to 2004<\\\/span><\\\/span>. <span>Austrian Economic Quarterly<\\\/span>. 2000 Feb;5(1):19-24.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{f92a18fd527248df90cf66892ab5afdd,<\\\/div><div>  title    = \\\"Favourable Medium-term Growth Prospects but Sustained Budget Problems. Medium-term Projection for the Austrian Economy 2000 to 2004\\\",<\\\/div><div>  abstract = \\\"During the projection period of 1999\u20132004, the Austrian GDP is expected to average a growth of 2.5 percent p.a. in real terms. It will thus grow at a marginally lower rate than the EU average, as measures expected to be taken to consolidate the Austrian budget will act as a slight brake. Consequent to vigorous expansion in Europe, exports will develop dynamically. Austrian exports will rise to 50 percent of GDP. Employment continues its strong expansion. However, since growth is concentrated on part-time jobs, unemployment will decline only slightly. The NAP target of reducing the unemployment rate to 3.5 percent by 2002 can thus be met only by taking additional labour market policy measures. Dynamic growth prospects by itself will not suffice to make a major dent into the problems of public households.\\\",<\\\/div><div>  keywords = \\\"Favourable Medium-term Growth Prospects but Sustained Budget Problems. Medium-term Projection for the Austrian Economy 2000 to 2004, Favourable Medium-term Growth Prospects but Sustained Budget Problems. Medium-term Projection for the Austrian Economy 2000 to 2004\\\",<\\\/div><div>  author   = \\\"Josef Baumgartner and Ewald Walterskirchen and Andrea Weber\\\",<\\\/div><div>  note     = \\\"Medium\\\\_term\\\\_Projection\\\",<\\\/div><div>  year     = \\\"2000\\\",<\\\/div><div>  month    = feb,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  volume   = \\\"5\\\",<\\\/div><div>  pages    = \\\"19--24\\\",<\\\/div><div>  journal  = \\\"Austrian Economic Quarterly\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Favourable Medium-term Growth Prospects but Sustained Budget Problems. Medium-term Projection for the Austrian Economy 2000 to 2004<\\\/p><p>AU  - Baumgartner, Josef<\\\/p><p>AU  - Walterskirchen, Ewald<\\\/p><p>AU  - Weber, Andrea<\\\/p><p>N1  - Medium_term_Projection<\\\/p><p>PY  - 2000\\\/2<\\\/p><p>Y1  - 2000\\\/2<\\\/p><p>N2  - During the projection period of 1999\u20132004, the Austrian GDP is expected to average a growth of 2.5 percent p.a. in real terms. It will thus grow at a marginally lower rate than the EU average, as measures expected to be taken to consolidate the Austrian budget will act as a slight brake. Consequent to vigorous expansion in Europe, exports will develop dynamically. Austrian exports will rise to 50 percent of GDP. Employment continues its strong expansion. However, since growth is concentrated on part-time jobs, unemployment will decline only slightly. The NAP target of reducing the unemployment rate to 3.5 percent by 2002 can thus be met only by taking additional labour market policy measures. Dynamic growth prospects by itself will not suffice to make a major dent into the problems of public households.<\\\/p><p>AB  - During the projection period of 1999\u20132004, the Austrian GDP is expected to average a growth of 2.5 percent p.a. in real terms. It will thus grow at a marginally lower rate than the EU average, as measures expected to be taken to consolidate the Austrian budget will act as a slight brake. Consequent to vigorous expansion in Europe, exports will develop dynamically. Austrian exports will rise to 50 percent of GDP. Employment continues its strong expansion. However, since growth is concentrated on part-time jobs, unemployment will decline only slightly. The NAP target of reducing the unemployment rate to 3.5 percent by 2002 can thus be met only by taking additional labour market policy measures. Dynamic growth prospects by itself will not suffice to make a major dent into the problems of public households.<\\\/p><p>KW  - Favourable Medium-term Growth Prospects but Sustained Budget Problems. Medium-term Projection for the Austrian Economy 2000 to 2004<\\\/p><p>KW  - Favourable Medium-term Growth Prospects but Sustained Budget Problems. Medium-term Projection for the Austrian Economy 2000 to 2004<\\\/p><p>M3  - WIFO series<\\\/p><p>VL  - 5<\\\/p><p>SP  - 19<\\\/p><p>EP  - 24<\\\/p><p>JO  - Austrian Economic Quarterly<\\\/p><p>JF  - Austrian Economic Quarterly<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Favourable Medium-term Growth Prospects but Sustained Budget Problems. 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