{"id":107784,"date":"2024-01-22T15:19:37","date_gmt":"2024-01-22T14:19:37","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/107784\/"},"modified":"2024-11-07T03:22:37","modified_gmt":"2024-11-07T02:22:37","slug":"weakness-of-aggregate-demand-to-be-gradually-overcome-economic-outlook-for-2003-and-2004-4","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/107784\/","title":{"rendered":"Weakness of Aggregate Demand to be Gradually Overcome. Economic Outlook for 2003 and 2004"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-107784","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The Austrian economy is set to expand by 0.7 percent in 2003, significantly below the long-term trend for the third consecutive year. However, unlike in 2001 and 2002, growth is sustained this year by domestic demand. Private consumption and trade volumes have picked up somewhat, as has investment in construction and business equipment. Prospects for 2004 continue to be highly uncertain. If the nascent optimism suggested by business and consumer surveys in Europe became confirmed by a recovery in output, a moderate cyclical upturn should come under way. Austria's GDP should then grow by 1.4 percent in volume. Over the whole projection period, growth will not be strong enough as to lead to a turnaround on the labour market. The rate of unemployment will increase slightly to 7.1 percent of the dependent labour force. The general government balance will in both years register a deficit corresponding to about 1 percent of GDP. Price stability is set to remain high, with an inflation rate around 1\u00bc percent.","onlinedate":"2003-11-14 01:00:00","lang":"English","publication_series":"","publication_date":"20031101","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":317621,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"8","monthly_report_pages":"118-130","monthly_report_pages_sort":"118","issue":"4","journal":"Austrian Economic Quarterly","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[183747],"research_groups":[3500],"collaboration":"","persons":[4043],"persons_data":"[{\"personId\":4043,\"personName\":\"Markus Marterbauer\",\"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>Marterbauer, M.<\\\/span> (2003). <span>Weakness of Aggregate Demand to be Gradually Overcome. Economic Outlook for 2003 and 2004<\\\/span>. <span><em>Austrian Economic Quarterly<\\\/em><\\\/span>, <em>8<\\\/em>(4), 118-130. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/24682\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/24682<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Marterbauer M<\\\/span>. <span class=\\\"title\\\"><span>Weakness of Aggregate Demand to be Gradually Overcome. Economic Outlook for 2003 and 2004<\\\/span><\\\/span>. <span>Austrian Economic Quarterly<\\\/span>. 2003 Nov;8(4):118-130.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{66b458b304ad4f3abff7e00ebb057d6f,<\\\/div><div>  title    = \\\"Weakness of Aggregate Demand to be Gradually Overcome. Economic Outlook for 2003 and 2004\\\",<\\\/div><div>  abstract = \\\"The Austrian economy is set to expand by 0.7 percent in 2003, significantly below the long-term trend for the third consecutive year. However, unlike in 2001 and 2002, growth is sustained this year by domestic demand. Private consumption and trade volumes have picked up somewhat, as has investment in construction and business equipment. Prospects for 2004 continue to be highly uncertain. If the nascent optimism suggested by business and consumer surveys in Europe became confirmed by a recovery in output, a moderate cyclical upturn should come under way. Austria's GDP should then grow by 1.4 percent in volume. Over the whole projection period, growth will not be strong enough as to lead to a turnaround on the labour market. The rate of unemployment will increase slightly to 7.1 percent of the dependent labour force. The general government balance will in both years register a deficit corresponding to about 1 percent of GDP. Price stability is set to remain high, with an inflation rate around 1\u00bc percent.\\\",<\\\/div><div>  keywords = \\\"Economic Outlook; Austria\\\",<\\\/div><div>  author   = \\\"Markus Marterbauer\\\",<\\\/div><div>  year     = \\\"2003\\\",<\\\/div><div>  month    = nov,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  volume   = \\\"8\\\",<\\\/div><div>  pages    = \\\"118--130\\\",<\\\/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  - Weakness of Aggregate Demand to be Gradually Overcome. Economic Outlook for 2003 and 2004<\\\/p><p>AU  - Marterbauer, Markus<\\\/p><p>PY  - 2003\\\/11<\\\/p><p>Y1  - 2003\\\/11<\\\/p><p>N2  - The Austrian economy is set to expand by 0.7 percent in 2003, significantly below the long-term trend for the third consecutive year. However, unlike in 2001 and 2002, growth is sustained this year by domestic demand. Private consumption and trade volumes have picked up somewhat, as has investment in construction and business equipment. Prospects for 2004 continue to be highly uncertain. If the nascent optimism suggested by business and consumer surveys in Europe became confirmed by a recovery in output, a moderate cyclical upturn should come under way. Austria's GDP should then grow by 1.4 percent in volume. Over the whole projection period, growth will not be strong enough as to lead to a turnaround on the labour market. The rate of unemployment will increase slightly to 7.1 percent of the dependent labour force. The general government balance will in both years register a deficit corresponding to about 1 percent of GDP. Price stability is set to remain high, with an inflation rate around 1\u00bc percent.<\\\/p><p>AB  - The Austrian economy is set to expand by 0.7 percent in 2003, significantly below the long-term trend for the third consecutive year. However, unlike in 2001 and 2002, growth is sustained this year by domestic demand. Private consumption and trade volumes have picked up somewhat, as has investment in construction and business equipment. Prospects for 2004 continue to be highly uncertain. If the nascent optimism suggested by business and consumer surveys in Europe became confirmed by a recovery in output, a moderate cyclical upturn should come under way. Austria's GDP should then grow by 1.4 percent in volume. Over the whole projection period, growth will not be strong enough as to lead to a turnaround on the labour market. The rate of unemployment will increase slightly to 7.1 percent of the dependent labour force. The general government balance will in both years register a deficit corresponding to about 1 percent of GDP. Price stability is set to remain high, with an inflation rate around 1\u00bc percent.<\\\/p><p>KW  - Economic Outlook; Austria<\\\/p><p>M3  - WIFO series<\\\/p><p>VL  - 8<\\\/p><p>SP  - 118<\\\/p><p>EP  - 130<\\\/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>Weakness of Aggregate Demand to be Gradually Overcome. 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