{"id":117580,"date":"2024-01-22T20:35:05","date_gmt":"2024-01-22T19:35:05","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/117580\/"},"modified":"2024-11-14T13:10:13","modified_gmt":"2024-11-14T12:10:13","slug":"growth-dynamics-exposed-to-conflict-between-easy-monetary-conditions-and-fiscal-restriction-medium-term-forecast-for-the-world-economy-until-2017","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/117580\/","title":{"rendered":"Growth Dynamics Exposed to Conflict Between Easy Monetary Conditions and Fiscal Restriction. Medium-term Forecast for the World Economy Until 2017"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-117580","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"After a cyclical slowdown in 2012-13, GDP growth in the industrialised economies should pick up to reach an average annual rate of 2.0 percent over the period from 2012 to 2017. In the USA, the growth momentum will be stronger (2.4 percent p.a.) than in the EU (1.4 percent) or Japan (1.5 percent). Growth in the euro area will only attain 1.1 percent per year, as many countries will only gradually rid themselves from the government debt crisis. In the new EU member countries, output growth will be nearly three times as high (3.2 percent per year). China and India will continue to enjoy the fastest pace of growth, at 7.9 percent and 7.7 percent p.a., respectively). In the other developing or emerging economies, GDP is expected to expand by around 4\u00bd percent per year until 2015.","onlinedate":"2013-04-26 02:00:00","lang":"English","publication_series":"","publication_date":"20130401","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":414748,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"18","monthly_report_pages":"25-40","monthly_report_pages_sort":"25","issue":"1","journal":"Austrian Economic Quarterly","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[183747],"research_groups":[3491],"collaboration":"","persons":[3841],"persons_data":"[{\"personId\":3841,\"personName\":\"Stephan Schulmeister\",\"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>Schulmeister, S.<\\\/span> (2013). <span>Growth Dynamics Exposed to Conflict Between Easy Monetary Conditions and Fiscal Restriction. Medium-term Forecast for the World Economy Until 2017<\\\/span>. <span><em>Austrian Economic Quarterly<\\\/em><\\\/span>, <em>18<\\\/em>(1), 25-40. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/46694\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/46694<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Schulmeister S<\\\/span>. <span class=\\\"title\\\"><span>Growth Dynamics Exposed to Conflict Between Easy Monetary Conditions and Fiscal Restriction. Medium-term Forecast for the World Economy Until 2017<\\\/span><\\\/span>. <span>Austrian Economic Quarterly<\\\/span>. 2013 Apr;18(1):25-40.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{557dcc1a218e4e4dab2ba298fec9cac4,<\\\/div><div>  title    = \\\"Growth Dynamics Exposed to Conflict Between Easy Monetary Conditions and Fiscal Restriction. Medium-term Forecast for the World Economy Until 2017\\\",<\\\/div><div>  abstract = \\\"After a cyclical slowdown in 2012-13, GDP growth in the industrialised economies should pick up to reach an average annual rate of 2.0 percent over the period from 2012 to 2017. In the USA, the growth momentum will be stronger (2.4 percent p.a.) than in the EU (1.4 percent) or Japan (1.5 percent). Growth in the euro area will only attain 1.1 percent per year, as many countries will only gradually rid themselves from the government debt crisis. In the new EU member countries, output growth will be nearly three times as high (3.2 percent per year). China and India will continue to enjoy the fastest pace of growth, at 7.9 percent and 7.7 percent p.a., respectively). In the other developing or emerging economies, GDP is expected to expand by around 4\u00bd percent per year until 2015.\\\",<\\\/div><div>  keywords = \\\"Medium-term Forecast World Economy Fiscal Restriction\\\",<\\\/div><div>  author   = \\\"Stephan Schulmeister\\\",<\\\/div><div>  note     = \\\"Medium-term Forecast for the World Economy\\\",<\\\/div><div>  year     = \\\"2013\\\",<\\\/div><div>  month    = apr,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  volume   = \\\"18\\\",<\\\/div><div>  pages    = \\\"25--40\\\",<\\\/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  - Growth Dynamics Exposed to Conflict Between Easy Monetary Conditions and Fiscal Restriction. Medium-term Forecast for the World Economy Until 2017<\\\/p><p>AU  - Schulmeister, Stephan<\\\/p><p>N1  - Medium-term Forecast for the World Economy<\\\/p><p>PY  - 2013\\\/4<\\\/p><p>Y1  - 2013\\\/4<\\\/p><p>N2  - After a cyclical slowdown in 2012-13, GDP growth in the industrialised economies should pick up to reach an average annual rate of 2.0 percent over the period from 2012 to 2017. In the USA, the growth momentum will be stronger (2.4 percent p.a.) than in the EU (1.4 percent) or Japan (1.5 percent). Growth in the euro area will only attain 1.1 percent per year, as many countries will only gradually rid themselves from the government debt crisis. In the new EU member countries, output growth will be nearly three times as high (3.2 percent per year). China and India will continue to enjoy the fastest pace of growth, at 7.9 percent and 7.7 percent p.a., respectively). In the other developing or emerging economies, GDP is expected to expand by around 4\u00bd percent per year until 2015.<\\\/p><p>AB  - After a cyclical slowdown in 2012-13, GDP growth in the industrialised economies should pick up to reach an average annual rate of 2.0 percent over the period from 2012 to 2017. In the USA, the growth momentum will be stronger (2.4 percent p.a.) than in the EU (1.4 percent) or Japan (1.5 percent). Growth in the euro area will only attain 1.1 percent per year, as many countries will only gradually rid themselves from the government debt crisis. In the new EU member countries, output growth will be nearly three times as high (3.2 percent per year). China and India will continue to enjoy the fastest pace of growth, at 7.9 percent and 7.7 percent p.a., respectively). In the other developing or emerging economies, GDP is expected to expand by around 4\u00bd percent per year until 2015.<\\\/p><p>KW  - Medium-term Forecast World Economy Fiscal Restriction<\\\/p><p>M3  - WIFO series<\\\/p><p>VL  - 18<\\\/p><p>SP  - 25<\\\/p><p>EP  - 40<\\\/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>Growth Dynamics Exposed to Conflict Between Easy Monetary Conditions and Fiscal Restriction. 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