{"id":108830,"date":"2024-01-22T15:56:37","date_gmt":"2024-01-22T14:56:37","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/108830\/"},"modified":"2024-11-07T03:30:18","modified_gmt":"2024-11-07T02:30:18","slug":"global-economic-boom-gradually-spreading-to-the-euro-area-and-to-austria-economic-outlook-for-2004-and-2005-3","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/108830\/","title":{"rendered":"Global Economic Boom Gradually Spreading to the Euro Area and to Austria. Economic Outlook for 2004 and 2005"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-108830","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The Austrian economy is expected to grow by 1.7 percent in volume this year, driven mainly by higher exports. Austrian manufacturing, due to its close supply ties, is benefiting from the swift recovery in the German export-oriented sector. Investment is tentatively heading up, with spending on machinery and equipment boosted by rising sales expectations of firms and construction activity driven by buoyant investment in road and railroad infrastructure. Private household consumption remains subdued, because of sluggish income growth, although cuts in direct taxes next year should provide some forward momentum. The substantial increase in raw material prices, notably for crude oil, is pushing up inflation by some \u00bc percentage point to an annual rate of 1.9 percent this year. Employment is set to gain 0.6 percent this year, assuming the usual reaction pattern to stronger activity. The sizeable inflow of foreign workers will nevertheless keep unemployment at its present level.","onlinedate":"2004-08-16 02:00:00","lang":"English","publication_series":"","publication_date":"20040801","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"Economic Outlook; Austria\"]","jelcodes":"[]","related_publications":"[]","pdf":319739,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"9","monthly_report_pages":"103-114","monthly_report_pages_sort":"103","issue":"3","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> (2004). <span>Global Economic Boom Gradually Spreading to the Euro Area and to Austria. Economic Outlook for 2004 and 2005<\\\/span>. <span><em>Austrian Economic Quarterly<\\\/em><\\\/span>, <em>9<\\\/em>(3), 103-114. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/25213\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/25213<\\\/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>Global Economic Boom Gradually Spreading to the Euro Area and to Austria. Economic Outlook for 2004 and 2005<\\\/span><\\\/span>. <span>Austrian Economic Quarterly<\\\/span>. 2004 Aug;9(3):103-114.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{9a54add3f6e2451486e48f9b90e761e8,<\\\/div><div>  title    = \\\"Global Economic Boom Gradually Spreading to the Euro Area and to Austria. Economic Outlook for 2004 and 2005\\\",<\\\/div><div>  abstract = \\\"The Austrian economy is expected to grow by 1.7 percent in volume this year, driven mainly by higher exports. Austrian manufacturing, due to its close supply ties, is benefiting from the swift recovery in the German export-oriented sector. Investment is tentatively heading up, with spending on machinery and equipment boosted by rising sales expectations of firms and construction activity driven by buoyant investment in road and railroad infrastructure. Private household consumption remains subdued, because of sluggish income growth, although cuts in direct taxes next year should provide some forward momentum. The substantial increase in raw material prices, notably for crude oil, is pushing up inflation by some \u00bc percentage point to an annual rate of 1.9 percent this year. Employment is set to gain 0.6 percent this year, assuming the usual reaction pattern to stronger activity. The sizeable inflow of foreign workers will nevertheless keep unemployment at its present level.\\\",<\\\/div><div>  keywords = \\\"Economic Outlook; Austria, Economic Outlook; Austria\\\",<\\\/div><div>  author   = \\\"Markus Marterbauer\\\",<\\\/div><div>  note     = \\\"Economic Outlook\\\",<\\\/div><div>  year     = \\\"2004\\\",<\\\/div><div>  month    = aug,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  volume   = \\\"9\\\",<\\\/div><div>  pages    = \\\"103--114\\\",<\\\/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  - Global Economic Boom Gradually Spreading to the Euro Area and to Austria. Economic Outlook for 2004 and 2005<\\\/p><p>AU  - Marterbauer, Markus<\\\/p><p>N1  - Economic Outlook<\\\/p><p>PY  - 2004\\\/8<\\\/p><p>Y1  - 2004\\\/8<\\\/p><p>N2  - The Austrian economy is expected to grow by 1.7 percent in volume this year, driven mainly by higher exports. Austrian manufacturing, due to its close supply ties, is benefiting from the swift recovery in the German export-oriented sector. Investment is tentatively heading up, with spending on machinery and equipment boosted by rising sales expectations of firms and construction activity driven by buoyant investment in road and railroad infrastructure. Private household consumption remains subdued, because of sluggish income growth, although cuts in direct taxes next year should provide some forward momentum. The substantial increase in raw material prices, notably for crude oil, is pushing up inflation by some \u00bc percentage point to an annual rate of 1.9 percent this year. Employment is set to gain 0.6 percent this year, assuming the usual reaction pattern to stronger activity. The sizeable inflow of foreign workers will nevertheless keep unemployment at its present level.<\\\/p><p>AB  - The Austrian economy is expected to grow by 1.7 percent in volume this year, driven mainly by higher exports. Austrian manufacturing, due to its close supply ties, is benefiting from the swift recovery in the German export-oriented sector. Investment is tentatively heading up, with spending on machinery and equipment boosted by rising sales expectations of firms and construction activity driven by buoyant investment in road and railroad infrastructure. Private household consumption remains subdued, because of sluggish income growth, although cuts in direct taxes next year should provide some forward momentum. The substantial increase in raw material prices, notably for crude oil, is pushing up inflation by some \u00bc percentage point to an annual rate of 1.9 percent this year. Employment is set to gain 0.6 percent this year, assuming the usual reaction pattern to stronger activity. The sizeable inflow of foreign workers will nevertheless keep unemployment at its present level.<\\\/p><p>KW  - Economic Outlook; Austria<\\\/p><p>KW  - Economic Outlook; Austria<\\\/p><p>M3  - WIFO series<\\\/p><p>VL  - 9<\\\/p><p>SP  - 103<\\\/p><p>EP  - 114<\\\/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>Global Economic Boom Gradually Spreading to the Euro Area and to Austria. 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