{"id":85205,"date":"2024-01-22T09:02:24","date_gmt":"2024-01-22T08:02:24","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/85205\/"},"modified":"2024-11-06T23:51:29","modified_gmt":"2024-11-06T22:51:29","slug":"strong-growth-in-manufacturing-and-sizable-employment-gains-economic-outlook-for-1998-and-1999-3","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/85205\/","title":{"rendered":"Strong Growth in Manufacturing and Sizable Employment Gains. Economic Outlook for 1998 and 1999"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-85205","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"Strong growth of merchandise exports and of machinery and equipment investment characterize the business cycle in 1998. Austrian GDP is set to increase by 3 percent in volume. With new jobs being created to a large number and income growth resuming, private consumption should strengthen. Construction investment may lag the general recovery, due mainly to falling residential building. In 1999, the current upturn may attain a first peak, at a projected GDP growth rate of 3.2 percent. The strong momentum of output and employment gains will allow unemployment to recede in 1999. Inflation is expected to stay very low, at 1.2 (1998) and 1\u00bd percent (1999). The current account deficit should narrow to 1.4 percent of GDP, while government net borrowing may remain broadly stable at a ratio of 2.4 percent.","onlinedate":"1998-07-01 02:00:00","lang":"English","publication_series":"","publication_date":"19980701","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":276338,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"3","monthly_report_pages":"115-122","monthly_report_pages_sort":"115","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":"","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 v26.5 (Yoast SEO v26.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Strong Growth in Manufacturing and Sizable Employment Gains. 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