{"id":84709,"date":"2024-01-22T08:58:10","date_gmt":"2024-01-22T07:58:10","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/84709\/"},"modified":"2026-02-17T16:05:02","modified_gmt":"2026-02-17T15:05:02","slug":"acceleration-of-export-based-growth-economic-outlook-for-1997-and-1998-2","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/84709\/","title":{"rendered":"Acceleration of Export-Based Growth. Economic Outlook for 1997 and 1998"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-84709","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"In 1997 and 1998, the most important impulse for the Austrian economy will come from merchandise foreign trade. Exports are likely to benefit from the recovery of the European economies and the strength of the dollar, and will expand by 7 percent in 1997 and by 8 percent in 1998. Manufacturing output as well as investment in machinery and equipment will pick up markedly. In 1997, economic growth will accelerate to 1.6 percent in real terms. 1998 will see a recovery of domestic demand, and real GDP is expected to grow by 2 percent. The current account continues to record a serious disequilibrium. The current account deficit will rise to 2 percent of GDP as a result of soaring merchandise imports, high expenditures by Austrian tourists abroad, and high net transfers to the EU. The economic recovery in Austria has not yet been strong enough to ease the strains in the labor market. In 1998, the unemployment rate will decline only slightly, to 6.9 percent according to the traditional Austrian method, and to 4.3 percent according to Eurostat. Inflation pressures remain low; the rate of inflation is expected to be 1.4 percent in 1997 and 1.6 percent in 1998.","onlinedate":"1997-11-01 01:00:00","lang":"English","publication_series":"","publication_date":"19971101","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":null,"zip":null,"link":"https:\/\/www.wifo.ac.at\/wwa\/pubid\/454","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"2","monthly_report_pages":"183-190","monthly_report_pages_sort":"183","issue":"4","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>Acceleration of Export-Based Growth. Economic Outlook for 1997 and 1998<\\\/span>. <span><em>Austrian Economic Quarterly<\\\/em><\\\/span>, <em>2<\\\/em>(4), 183-190. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/454\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/454<\\\/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>Acceleration of Export-Based Growth. Economic Outlook for 1997 and 1998<\\\/span><\\\/span>. <span>Austrian Economic Quarterly<\\\/span>. 1997 Nov;2(4):183-190.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{afa879a9050343898c3b4773a68f2721,<\\\/div><div>  title    = \\\"Acceleration of Export-Based Growth. Economic Outlook for 1997 and 1998\\\",<\\\/div><div>  abstract = \\\"In 1997 and 1998, the most important impulse for the Austrian economy will come from merchandise foreign trade. Exports are likely to benefit from the recovery of the European economies and the strength of the dollar, and will expand by 7 percent in 1997 and by 8 percent in 1998. Manufacturing output as well as investment in machinery and equipment will pick up markedly. In 1997, economic growth will accelerate to 1.6 percent in real terms. 1998 will see a recovery of domestic demand, and real GDP is expected to grow by 2 percent. The current account continues to record a serious disequilibrium. The current account deficit will rise to 2 percent of GDP as a result of soaring merchandise imports, high expenditures by Austrian tourists abroad, and high net transfers to the EU. The economic recovery in Austria has not yet been strong enough to ease the strains in the labor market. In 1998, the unemployment rate will decline only slightly, to 6.9 percent according to the traditional Austrian method, and to 4.3 percent according to Eurostat. Inflation pressures remain low; the rate of inflation is expected to be 1.4 percent in 1997 and 1.6 percent in 1998.\\\",<\\\/div><div>  keywords = \\\"Acceleration of Export-Based Growth. Economic Outlook for 1997 and 1998\\\",<\\\/div><div>  author   = \\\"Markus Marterbauer\\\",<\\\/div><div>  year     = \\\"1997\\\",<\\\/div><div>  month    = nov,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  volume   = \\\"2\\\",<\\\/div><div>  pages    = \\\"183--190\\\",<\\\/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  - Acceleration of Export-Based Growth. Economic Outlook for 1997 and 1998<\\\/p><p>AU  - Marterbauer, Markus<\\\/p><p>PY  - 1997\\\/11<\\\/p><p>Y1  - 1997\\\/11<\\\/p><p>N2  - In 1997 and 1998, the most important impulse for the Austrian economy will come from merchandise foreign trade. Exports are likely to benefit from the recovery of the European economies and the strength of the dollar, and will expand by 7 percent in 1997 and by 8 percent in 1998. Manufacturing output as well as investment in machinery and equipment will pick up markedly. In 1997, economic growth will accelerate to 1.6 percent in real terms. 1998 will see a recovery of domestic demand, and real GDP is expected to grow by 2 percent. The current account continues to record a serious disequilibrium. The current account deficit will rise to 2 percent of GDP as a result of soaring merchandise imports, high expenditures by Austrian tourists abroad, and high net transfers to the EU. The economic recovery in Austria has not yet been strong enough to ease the strains in the labor market. In 1998, the unemployment rate will decline only slightly, to 6.9 percent according to the traditional Austrian method, and to 4.3 percent according to Eurostat. Inflation pressures remain low; the rate of inflation is expected to be 1.4 percent in 1997 and 1.6 percent in 1998.<\\\/p><p>AB  - In 1997 and 1998, the most important impulse for the Austrian economy will come from merchandise foreign trade. Exports are likely to benefit from the recovery of the European economies and the strength of the dollar, and will expand by 7 percent in 1997 and by 8 percent in 1998. Manufacturing output as well as investment in machinery and equipment will pick up markedly. In 1997, economic growth will accelerate to 1.6 percent in real terms. 1998 will see a recovery of domestic demand, and real GDP is expected to grow by 2 percent. The current account continues to record a serious disequilibrium. The current account deficit will rise to 2 percent of GDP as a result of soaring merchandise imports, high expenditures by Austrian tourists abroad, and high net transfers to the EU. The economic recovery in Austria has not yet been strong enough to ease the strains in the labor market. In 1998, the unemployment rate will decline only slightly, to 6.9 percent according to the traditional Austrian method, and to 4.3 percent according to Eurostat. Inflation pressures remain low; the rate of inflation is expected to be 1.4 percent in 1997 and 1.6 percent in 1998.<\\\/p><p>KW  - Acceleration of Export-Based Growth. Economic Outlook for 1997 and 1998<\\\/p><p>M3  - WIFO series<\\\/p><p>VL  - 2<\\\/p><p>SP  - 183<\\\/p><p>EP  - 190<\\\/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>Acceleration of Export-Based Growth. 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