{"id":104060,"date":"2024-01-22T13:47:55","date_gmt":"2024-01-22T12:47:55","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/104060\/"},"modified":"2026-02-17T16:21:35","modified_gmt":"2026-02-17T15:21:35","slug":"higher-oil-prices-and-budgetary-consolidation-dampen-economic-growth-economic-outlook-for-2000-and-2001-3","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/104060\/","title":{"rendered":"Higher Oil Prices and Budgetary Consolidation Dampen Economic Growth. Economic Outlook for 2000 and 2001"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-104060","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The massive rise in oil prices and more determined policy efforts to consolidate public finances will make for a slowdown in economic growth next year. Following a strong cyclical upswing in 2000 (+3.5 percent), activity is set to expand by a more moderate 2.8 percent in 2001. Inflation is expected to abate once oil prices start falling from their current peak, and the rate of unemployment should remain on a clear downward trend. The general government deficit target of \u00be percent of GDP can be met on the basis of the tighter fiscal stance, while the public revenue\/GDP ratio will rise significantly.","onlinedate":"2000-11-07 12:00:00","lang":"English","publication_series":"","publication_date":"20001101","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"Higher Oil Prices and Budgetary Consolidation Dampen Economic Growth. 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Economic Outlook for 2000 and 2001<\\\/span>. <span><em>Austrian Economic Quarterly<\\\/em><\\\/span>, <em>5<\\\/em>(4), 155-162. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/19524\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/19524<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Walterskirchen E<\\\/span>. <span class=\\\"title\\\"><span>Higher Oil Prices and Budgetary Consolidation Dampen Economic Growth. Economic Outlook for 2000 and 2001<\\\/span><\\\/span>. <span>Austrian Economic Quarterly<\\\/span>. 2000 Nov;5(4):155-162.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{c0c47ca2947742a6ac9eb234f6119fb9,<\\\/div><div>  title    = \\\"Higher Oil Prices and Budgetary Consolidation Dampen Economic Growth. Economic Outlook for 2000 and 2001\\\",<\\\/div><div>  abstract = \\\"The massive rise in oil prices and more determined policy efforts to consolidate public finances will make for a slowdown in economic growth next year. Following a strong cyclical upswing in 2000 (+3.5 percent), activity is set to expand by a more moderate 2.8 percent in 2001. Inflation is expected to abate once oil prices start falling from their current peak, and the rate of unemployment should remain on a clear downward trend. The general government deficit target of \u00be percent of GDP can be met on the basis of the tighter fiscal stance, while the public revenue\\\/GDP ratio will rise significantly.\\\",<\\\/div><div>  keywords = \\\"Higher Oil Prices and Budgetary Consolidation Dampen Economic Growth. Economic Outlook for 2000 and 2001, Higher Oil Prices and Budgetary Consolidation Dampen Economic Growth. Economic Outlook for 2000 and 2001\\\",<\\\/div><div>  author   = \\\"Ewald Walterskirchen\\\",<\\\/div><div>  note     = \\\"Outlook\\\",<\\\/div><div>  year     = \\\"2000\\\",<\\\/div><div>  month    = nov,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  volume   = \\\"5\\\",<\\\/div><div>  pages    = \\\"155--162\\\",<\\\/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  - Higher Oil Prices and Budgetary Consolidation Dampen Economic Growth. Economic Outlook for 2000 and 2001<\\\/p><p>AU  - Walterskirchen, Ewald<\\\/p><p>N1  - Outlook<\\\/p><p>PY  - 2000\\\/11<\\\/p><p>Y1  - 2000\\\/11<\\\/p><p>N2  - The massive rise in oil prices and more determined policy efforts to consolidate public finances will make for a slowdown in economic growth next year. Following a strong cyclical upswing in 2000 (+3.5 percent), activity is set to expand by a more moderate 2.8 percent in 2001. Inflation is expected to abate once oil prices start falling from their current peak, and the rate of unemployment should remain on a clear downward trend. The general government deficit target of \u00be percent of GDP can be met on the basis of the tighter fiscal stance, while the public revenue\\\/GDP ratio will rise significantly.<\\\/p><p>AB  - The massive rise in oil prices and more determined policy efforts to consolidate public finances will make for a slowdown in economic growth next year. Following a strong cyclical upswing in 2000 (+3.5 percent), activity is set to expand by a more moderate 2.8 percent in 2001. Inflation is expected to abate once oil prices start falling from their current peak, and the rate of unemployment should remain on a clear downward trend. The general government deficit target of \u00be percent of GDP can be met on the basis of the tighter fiscal stance, while the public revenue\\\/GDP ratio will rise significantly.<\\\/p><p>KW  - Higher Oil Prices and Budgetary Consolidation Dampen Economic Growth. Economic Outlook for 2000 and 2001<\\\/p><p>KW  - Higher Oil Prices and Budgetary Consolidation Dampen Economic Growth. Economic Outlook for 2000 and 2001<\\\/p><p>M3  - WIFO series<\\\/p><p>VL  - 5<\\\/p><p>SP  - 155<\\\/p><p>EP  - 162<\\\/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>Higher Oil Prices and Budgetary Consolidation Dampen Economic Growth. 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