{"id":149312,"date":"2024-03-21T06:31:05","date_gmt":"2024-03-21T05:31:05","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/149312\/"},"modified":"2024-11-07T02:46:42","modified_gmt":"2024-11-07T01:46:42","slug":"the-economic-outlook-for-1992-and-1993-foreign-exchange-turbulences-add-to-cyclical-risks","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/149312\/","title":{"rendered":"The Economic Outlook for 1992 and 1993: Foreign Exchange Turbulences Add to Cyclical Risks"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-149312","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"For the next twelve months or so, the Austrian economy is expected to stay on a modest growth track of 2 percent annual rate. A significant acceleration in 1993 over 1992, as assumed in earlier forecasts, is now considered unlikely. Sluggishness abroad and currency devaluations of major trading partners weaken the outlook for Austrian exports as well as for tourism demand. Merchandise exports are unlikely to rise by more than 3 percent p. a. implying slight losses of market shares; expected volume gains of 1 percent in tourism exports are much smaller than those registered over the last years. Domestic demand will continue to provide firm support to activity. With an estimated increase of 2\u00bd percent in 1993 consumption may again outpace private disposable incomes. The effective revaluation of the schilling will keep down import prices and thus facilitate further deceleration of inflation. In 1993, the effects of the higher mineral oil tax and of other price hikes will have passed through and the annual rate may subside from 4 percent to 3\u00bd percent or less. With no major shifts in the demand components to be expected the current account should stay in small surplus.","onlinedate":"1992-10-01 01:00:00","lang":"German","publication_series":"","publication_date":"19921001","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":307390,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"65","monthly_report_pages":"503-516","monthly_report_pages_sort":"503","issue":"10","journal":"WIFO-Monatsberichte","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44312],"research_groups":[3500],"collaboration":"","persons":[],"persons_data":"[]","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>WIFO<\\\/span> (1992). <span>Prognose f\u00fcr 1992 und 1993. W\u00e4hrungsturbulenzen erh\u00f6hen die Konjunkturrisiken<\\\/span>. <span><em>WIFO-Monatsberichte<\\\/em><\\\/span>, <em>65<\\\/em>(10), 503-516. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/8036\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/8036<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>WIFO<\\\/span>. <span class=\\\"title\\\"><span>Prognose f\u00fcr 1992 und 1993. W\u00e4hrungsturbulenzen erh\u00f6hen die Konjunkturrisiken<\\\/span><\\\/span>. <span>WIFO-Monatsberichte<\\\/span>. 1992 Oct;65(10):503-516.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{158f0956793a4d37bd3d441883db0ba6,<\\\/div><div>  title    = \\\"Prognose f{\\\\\\\"u}r 1992 und 1993. W{\\\\\\\"a}hrungsturbulenzen erh{\\\\\\\"o}hen die Konjunkturrisiken\\\",<\\\/div><div>  abstract = \\\"Die Krise des Europ{\\\\\\\"a}ischen W{\\\\\\\"a}hrungssystems tr{\\\\\\\"u}bt die Konjunkturaussichten. Export und Tourismus werden neben der schwachen internationalen Konjunktur auch von der kr{\\\\\\\"a}ftigen Abwertung einiger W{\\\\\\\"a}hrungen betroffen. Die Folgen der schwachen Konjunktur: sinkende Inflation, aber steigende Arbeitslosigkeit und stagnierende Netto-Reall{\\\\\\\"o}hne.\\\",<\\\/div><div>  keywords = \\\"Prognose f{\\\\\\\"u}r 1992 und 1993. W{\\\\\\\"a}hrungsturbulenzen erh{\\\\\\\"o}hen die Konjunkturrisiken; The Economic Outlook for 1992 and 1993: Foreign Exchange Turbulences Add to Cyclical Risks\\\",<\\\/div><div>  author   = \\\"WIFO\\\",<\\\/div><div>  year     = \\\"1992\\\",<\\\/div><div>  month    = oct,<\\\/div><div>  language = \\\"Deutsch\\\",<\\\/div><div>  volume   = \\\"65\\\",<\\\/div><div>  pages    = \\\"503--516\\\",<\\\/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  - Prognose f\u00fcr 1992 und 1993. W\u00e4hrungsturbulenzen erh\u00f6hen die Konjunkturrisiken<\\\/p><p>AU  - WIFO, null<\\\/p><p>PY  - 1992\\\/10<\\\/p><p>Y1  - 1992\\\/10<\\\/p><p>N2  - Die Krise des Europ\u00e4ischen W\u00e4hrungssystems tr\u00fcbt die Konjunkturaussichten. Export und Tourismus werden neben der schwachen internationalen Konjunktur auch von der kr\u00e4ftigen Abwertung einiger W\u00e4hrungen betroffen. Die Folgen der schwachen Konjunktur: sinkende Inflation, aber steigende Arbeitslosigkeit und stagnierende Netto-Reall\u00f6hne.<\\\/p><p>AB  - Die Krise des Europ\u00e4ischen W\u00e4hrungssystems tr\u00fcbt die Konjunkturaussichten. Export und Tourismus werden neben der schwachen internationalen Konjunktur auch von der kr\u00e4ftigen Abwertung einiger W\u00e4hrungen betroffen. Die Folgen der schwachen Konjunktur: sinkende Inflation, aber steigende Arbeitslosigkeit und stagnierende Netto-Reall\u00f6hne.<\\\/p><p>KW  - Prognose f\u00fcr 1992 und 1993. W\u00e4hrungsturbulenzen erh\u00f6hen die Konjunkturrisiken; The Economic Outlook for 1992 and 1993: Foreign Exchange Turbulences Add to Cyclical Risks<\\\/p><p>M3  - WIFO-Schriftenreihen<\\\/p><p>VL  - 65<\\\/p><p>SP  - 503<\\\/p><p>EP  - 516<\\\/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>The Economic Outlook for 1992 and 1993: Foreign Exchange Turbulences Add to Cyclical Risks - WIFO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wifo.ac.at\/en\/publication\/149312\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Economic Outlook for 1992 and 1993: Foreign Exchange Turbulences Add to Cyclical Risks\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/149312\/\" \/>\n<meta property=\"og:site_name\" content=\"WIFO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WIFOat\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-07T01:46:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO-Gebaeude-FotoAlexanderMueller-www.alexandermueller.at-IMG_6326-Bearbeitet-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@WIFOat\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/149312\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/149312\\\/\",\"name\":\"The Economic Outlook for 1992 and 1993: Foreign Exchange Turbulences Add to Cyclical Risks - 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