{"id":84555,"date":"2024-01-22T08:57:02","date_gmt":"2024-01-22T07:57:02","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/84555\/"},"modified":"2026-02-17T16:04:32","modified_gmt":"2026-02-17T15:04:32","slug":"cyclical-recovery-at-high-current-account-deficits-economic-outlook-for-1997-and-1998-2","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/84555\/","title":{"rendered":"Cyclical Recovery At High Current Account Deficits. Economic Outlook for 1997 and 1998"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-84555","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"Expansion of foreign demand will continue to be the driving force behind economic activity in 1997 and 1998, providing stimulus notably to industrial production and to investment in machinery and equipment. Domestic demand should stay weak under the impact of fiscal policy restriction. With real GDP growth projected at 1.2 percent in 1997 and 2.2 percent in 1998, unemployment may only level off in the latter year. Persistent current account deficits of more than 1\u00bd percent of GDP are becoming a matter of policy concern.","onlinedate":"1997-01-01 01:00:00","lang":"English","publication_series":"","publication_date":"19970101","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"Cyclical Recovery At High Current Account Deficits. Economic Outlook for 1997 and 1998\"]","jelcodes":"[]","related_publications":"[]","pdf":null,"zip":null,"link":"https:\/\/www.wifo.ac.at\/wwa\/pubid\/379","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"2","monthly_report_pages":"3-10","monthly_report_pages_sort":"3","issue":"1","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> (1997). <span>Cyclical Recovery At High Current Account Deficits. Economic Outlook for 1997 and 1998<\\\/span>. <span><em>Austrian Economic Quarterly<\\\/em><\\\/span>, <em>2<\\\/em>(1), 3-10. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/379\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/379<\\\/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>Cyclical Recovery At High Current Account Deficits. Economic Outlook for 1997 and 1998<\\\/span><\\\/span>. <span>Austrian Economic Quarterly<\\\/span>. 1997 Jan;2(1):3-10.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{b6fd6ee75102405588a17a37713ea24d,<\\\/div><div>  title    = \\\"Cyclical Recovery At High Current Account Deficits. Economic Outlook for 1997 and 1998\\\",<\\\/div><div>  abstract = \\\"Expansion of foreign demand will continue to be the driving force behind economic activity in 1997 and 1998, providing stimulus notably to industrial production and to investment in machinery and equipment. Domestic demand should stay weak under the impact of fiscal policy restriction. With real GDP growth projected at 1.2 percent in 1997 and 2.2 percent in 1998, unemployment may only level off in the latter year. Persistent current account deficits of more than 1\u00bd percent of GDP are becoming a matter of policy concern.\\\",<\\\/div><div>  keywords = \\\"Cyclical Recovery At High Current Account Deficits. Economic Outlook for 1997 and 1998, Cyclical Recovery At High Current Account Deficits. Economic Outlook for 1997 and 1998\\\",<\\\/div><div>  author   = \\\"Markus Marterbauer\\\",<\\\/div><div>  year     = \\\"1997\\\",<\\\/div><div>  month    = jan,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  volume   = \\\"2\\\",<\\\/div><div>  pages    = \\\"3--10\\\",<\\\/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  - Cyclical Recovery At High Current Account Deficits. Economic Outlook for 1997 and 1998<\\\/p><p>AU  - Marterbauer, Markus<\\\/p><p>PY  - 1997\\\/1<\\\/p><p>Y1  - 1997\\\/1<\\\/p><p>N2  - Expansion of foreign demand will continue to be the driving force behind economic activity in 1997 and 1998, providing stimulus notably to industrial production and to investment in machinery and equipment. Domestic demand should stay weak under the impact of fiscal policy restriction. With real GDP growth projected at 1.2 percent in 1997 and 2.2 percent in 1998, unemployment may only level off in the latter year. Persistent current account deficits of more than 1\u00bd percent of GDP are becoming a matter of policy concern.<\\\/p><p>AB  - Expansion of foreign demand will continue to be the driving force behind economic activity in 1997 and 1998, providing stimulus notably to industrial production and to investment in machinery and equipment. Domestic demand should stay weak under the impact of fiscal policy restriction. With real GDP growth projected at 1.2 percent in 1997 and 2.2 percent in 1998, unemployment may only level off in the latter year. Persistent current account deficits of more than 1\u00bd percent of GDP are becoming a matter of policy concern.<\\\/p><p>KW  - Cyclical Recovery At High Current Account Deficits. Economic Outlook for 1997 and 1998<\\\/p><p>KW  - Cyclical Recovery At High Current Account Deficits. Economic Outlook for 1997 and 1998<\\\/p><p>M3  - WIFO series<\\\/p><p>VL  - 2<\\\/p><p>SP  - 3<\\\/p><p>EP  - 10<\\\/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>Cyclical Recovery At High Current Account Deficits. 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