{"id":108056,"date":"2024-01-22T15:24:29","date_gmt":"2024-01-22T14:24:29","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/108056\/"},"modified":"2026-02-17T16:33:01","modified_gmt":"2026-02-17T15:33:01","slug":"wirtschaft-schoepft-ihr-potential-mittelfristig-zunehmend-aus-prognose-der-oesterreichischen-wirtschaft-bis-2008-2","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/108056\/","title":{"rendered":"Economic Activity Moving Closer to its Potential in the Medium Term. Projections for the Austrian Economy from 2003 to 2008"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-108056","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"In the course of 2004, cyclical stimulus from the USA will lead to a recovery also in Europe that should continue over the whole projection period. The major risk derives at present from the high euro exchange rate which may hold back the momentum of the European economy. Under such external conditions, Austria's GDP, at constant 1995 prices, is expected to expand by 2.3 percent p.a. from 2003 to 2008. Growth should thus exceed somewhat the annual pace of 2.1 percent recorded over the period 1997-2003. From 2001 to 2003, activity in Austria was constrained by cyclical sluggishness abroad. Over the years to come, with the expected improvement in global economic conditions, it should be able to move towards its full potential. Rising labour supply in Austria will provide sufficient scope in this regard.","onlinedate":"2004-02-13 01:00:00","lang":"German","publication_series":"","publication_date":"20040201","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":441345,"zip":null,"link":"https:\/\/www.wifo.ac.at\/wwa\/pubid\/24856","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"77","monthly_report_pages":"109-118","monthly_report_pages_sort":"109","issue":"2","journal":"WIFO-Monatsberichte","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44312],"research_groups":[3500],"collaboration":"","persons":[3530,3641,3893],"persons_data":"[{\"personId\":3530,\"personName\":\"Josef Baumgartner\",\"organisationNames\":[]},{\"personId\":3641,\"personName\":\"Serguei Kaniovski\",\"organisationNames\":[]},{\"personId\":3893,\"personName\":\"Ewald Walterskirchen\",\"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>, Kaniovski, S.<\\\/span><span>, &amp; Walterskirchen, E.<\\\/span> (2004). <span>Wirtschaft sch\u00f6pft ihr Potential mittelfristig zunehmend aus. Prognose der \u00f6sterreichischen Wirtschaft bis 2008<\\\/span>. <span><em>WIFO-Monatsberichte<\\\/em><\\\/span>, <em>77<\\\/em>(2), 109-118. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/24856\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/24856<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Baumgartner J<\\\/span><span>, Kaniovski S<\\\/span><span>, Walterskirchen E<\\\/span>. <span class=\\\"title\\\"><span>Wirtschaft sch\u00f6pft ihr Potential mittelfristig zunehmend aus. Prognose der \u00f6sterreichischen Wirtschaft bis 2008<\\\/span><\\\/span>. <span>WIFO-Monatsberichte<\\\/span>. 2004 Feb;77(2):109-118.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{cc1b03d2154742608a015634206dde75,<\\\/div><div>  title    = \\\"Wirtschaft sch{\\\\\\\"o}pft ihr Potential mittelfristig zunehmend aus. Prognose der {\\\\\\\"o}sterreichischen Wirtschaft bis 2008\\\",<\\\/div><div>  abstract = \\\"Im Zeitraum 2003 bis 2008 d{\\\\\\\"u}rfte das reale BIP in {\\\\\\\"O}sterreich um etwa 2,3\\\\% pro Jahr wachsen, etwas rascher als im Euro-Raum. Vor allem die Auswirkungen der Steuerreform, der EU-Erweiterung und der Ausweitung der Ausgaben f{\\\\\\\"u}r {\\\"}Zukunftsfaktoren{\\\"} sollten einen kleinen Wachstumsvorsprung gegen{\\\\\\\"u}ber der EU erm{\\\\\\\"o}glichen. Die Dynamik d{\\\\\\\"u}rfte allerdings wegen der zu erwartenden kr{\\\\\\\"a}ftigen Steigerung des Angebotes an ausl{\\\\\\\"a}ndischen Arbeitskr{\\\\\\\"a}ften nicht ausreichen, um die Arbeitslosenquote nennenswert zu verringern.\\\",<\\\/div><div>  keywords = \\\"Mittelfristprognose Oesterreich\\\",<\\\/div><div>  author   = \\\"Josef Baumgartner and Serguei Kaniovski and Ewald Walterskirchen\\\",<\\\/div><div>  note     = \\\"Mittelfristige Prognose: {\\\\\\\"O}sterreich\\\",<\\\/div><div>  year     = \\\"2004\\\",<\\\/div><div>  month    = feb,<\\\/div><div>  language = \\\"Deutsch\\\",<\\\/div><div>  volume   = \\\"77\\\",<\\\/div><div>  pages    = \\\"109--118\\\",<\\\/div><div>  journal  = \\\"WIFO-Monatsberichte\\\",<\\\/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  - Wirtschaft sch\u00f6pft ihr Potential mittelfristig zunehmend aus. Prognose der \u00f6sterreichischen Wirtschaft bis 2008<\\\/p><p>AU  - Baumgartner, Josef<\\\/p><p>AU  - Kaniovski, Serguei<\\\/p><p>AU  - Walterskirchen, Ewald<\\\/p><p>N1  - Mittelfristige Prognose: \u00d6sterreich<\\\/p><p>PY  - 2004\\\/2<\\\/p><p>Y1  - 2004\\\/2<\\\/p><p>N2  - Im Zeitraum 2003 bis 2008 d\u00fcrfte das reale BIP in \u00d6sterreich um etwa 2,3% pro Jahr wachsen, etwas rascher als im Euro-Raum. Vor allem die Auswirkungen der Steuerreform, der EU-Erweiterung und der Ausweitung der Ausgaben f\u00fcr \\\"Zukunftsfaktoren\\\" sollten einen kleinen Wachstumsvorsprung gegen\u00fcber der EU erm\u00f6glichen. Die Dynamik d\u00fcrfte allerdings wegen der zu erwartenden kr\u00e4ftigen Steigerung des Angebotes an ausl\u00e4ndischen Arbeitskr\u00e4ften nicht ausreichen, um die Arbeitslosenquote nennenswert zu verringern.<\\\/p><p>AB  - Im Zeitraum 2003 bis 2008 d\u00fcrfte das reale BIP in \u00d6sterreich um etwa 2,3% pro Jahr wachsen, etwas rascher als im Euro-Raum. Vor allem die Auswirkungen der Steuerreform, der EU-Erweiterung und der Ausweitung der Ausgaben f\u00fcr \\\"Zukunftsfaktoren\\\" sollten einen kleinen Wachstumsvorsprung gegen\u00fcber der EU erm\u00f6glichen. Die Dynamik d\u00fcrfte allerdings wegen der zu erwartenden kr\u00e4ftigen Steigerung des Angebotes an ausl\u00e4ndischen Arbeitskr\u00e4ften nicht ausreichen, um die Arbeitslosenquote nennenswert zu verringern.<\\\/p><p>KW  - Mittelfristprognose Oesterreich<\\\/p><p>M3  - WIFO-Schriftenreihen<\\\/p><p>VL  - 77<\\\/p><p>SP  - 109<\\\/p><p>EP  - 118<\\\/p><p>JO  - WIFO-Monatsberichte<\\\/p><p>JF  - WIFO-Monatsberichte<\\\/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>Economic Activity Moving Closer to its Potential in the Medium Term. 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