{"id":85277,"date":"2024-01-22T09:02:48","date_gmt":"2024-01-22T08:02:48","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/85277\/"},"modified":"2024-11-06T23:52:04","modified_gmt":"2024-11-06T22:52:04","slug":"aufschwung-beguenstigt-verstaerkte-arbeitsmarktpolitik-in-der-eu","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/85277\/","title":{"rendered":"Current Upswing Supports Labor Market Policies in the EU"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-85277","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"In 1998 and 1999, Europe is likely to post the highest economic growth in the triad. The current upturn tends to ease the pressure on the labor market and on public households. The main risks threatening the cyclical upswing emanate less from the development in South-East Asia than from the unstable situation in Russia. The asynchronous development of the business cycle within the triad and the financial and economic crisis in South-East Asia have changed the pattern of growth in the global economy. The Asian region, formerly the main growth center of the world economy, is engulfed in a serious crisis. With domestic demand declining, South-East Asia is recording an economic slump in 1998. Japan, through its close financial and trade ties to the economies most affected, is the country most directly exposed to the Asian crisis. It is currently in a state of deflation. The U.S. economy has experienced a very favorable development since the middle of 1991. The weakening of exports, mainly a result of the rise in the value of the dollar, should lead to a slowdown, despite the continued strength of consumer and investment demand. The European economies are set to become the engines of growth for the world economy. Conditions exist for a long and vigorous upswing. The smooth transition to the EMU has contributed to stabilizing the expectations of investors and consumers. Nominal interest rates have declined markedly and relieved the interest burden for enterprises and public households. Fiscal policy should have a less restrictive effect than in the last few years. The weakness of commodity prices also tends to ease cost pressures. Growth in the EU could accelerate to 2\u00be percent in 1998 and 3 percent in 1999. The cyclical upswing leads to a decrease in the unemployment rate to 10 percent, that will be supported by efforts of intensified active labor market policies in Europe (\"National Action Plans\"). The more advanced reform countries of East-Central Europe are likely to continue the catching-up process, but Russia and the other countries of CIS remain in a critical situation \u2013 that could pose a considerable risk for Europe.","onlinedate":"1998-06-01 02:00:00","lang":"German","publication_series":"","publication_date":"19980601","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":276398,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"71","monthly_report_pages":"381-390","monthly_report_pages_sort":"381","issue":"6","journal":"WIFO-Monatsberichte","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44312],"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> (1998). <span>Aufschwung beg\u00fcnstigt verst\u00e4rkte Arbeitsmarktpolitik in der EU<\\\/span>. <span><em>WIFO-Monatsberichte<\\\/em><\\\/span>, <em>71<\\\/em>(6), 381-390. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/533\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/533<\\\/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>Aufschwung beg\u00fcnstigt verst\u00e4rkte Arbeitsmarktpolitik in der EU<\\\/span><\\\/span>. <span>WIFO-Monatsberichte<\\\/span>. 1998 Jun;71(6):381-390.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{4627cecdf239442db54563a12e4f29f3,<\\\/div><div>  title    = \\\"Aufschwung beg{\\\\\\\"u}nstigt verst{\\\\\\\"a}rkte Arbeitsmarktpolitik in der EU\\\",<\\\/div><div>  abstract = \\\"In der EU gewinnt die Konjunkturbelebung weiter an Schwung. Die Nachfragedynamik geht zunehmend vom Export auf die Ausr{\\\\\\\"u}stungsinvestitionen und den privaten Konsum {\\\\\\\"u}ber. Damit erh{\\\\\\\"a}lt das Wachstum eine breitere Basis, es sollte sich auf real 2\u00be\\\\% (1998) und 3\\\\% (1999) erh{\\\\\\\"o}hen. Die Konjunkturbelebung bildet die wichtigste Voraussetzung f{\\\\\\\"u}r einen R{\\\\\\\"u}ckgang der Arbeitslosenquote, zus{\\\\\\\"a}tzliche Impulse k{\\\\\\\"o}nnen von einem Ausbau der aktiven Arbeitsmarktpolitik im Rahmen der {\\\"}Nationalen Aktionspl{\\\\\\\"a}ne f{\\\\\\\"u}r Besch{\\\\\\\"a}ftigung{\\\"} kommen. Europa {\\\\\\\"u}bernimmt schrittweise die Rolle einer Konjunkturlokomotive f{\\\\\\\"u}r die Weltwirtschaft. Der asiatische Raum befindet sich in einer schweren Krise, in den USA schw{\\\\\\\"a}cht sich das Wachstum langsam ab. Die gr{\\\\\\\"o}{\\\\ss}ten Risken f{\\\\\\\"u}r die Konjunkturentwicklung bildet die labile Lage in Ru{\\\\ss}land.\\\",<\\\/div><div>  keywords = \\\"Aufschwung beg{\\\\\\\"u}nstigt verst{\\\\\\\"a}rkte Arbeitsmarktpolitik in der EU; Current Upswing Supports Labor Market Policies in the EU\\\",<\\\/div><div>  author   = \\\"Markus Marterbauer\\\",<\\\/div><div>  note     = \\\"Weltkonjunktur\\\",<\\\/div><div>  year     = \\\"1998\\\",<\\\/div><div>  month    = jun,<\\\/div><div>  language = \\\"Deutsch\\\",<\\\/div><div>  volume   = \\\"71\\\",<\\\/div><div>  pages    = \\\"381--390\\\",<\\\/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  - Aufschwung beg\u00fcnstigt verst\u00e4rkte Arbeitsmarktpolitik in der EU<\\\/p><p>AU  - Marterbauer, Markus<\\\/p><p>N1  - Weltkonjunktur<\\\/p><p>PY  - 1998\\\/6<\\\/p><p>Y1  - 1998\\\/6<\\\/p><p>N2  - In der EU gewinnt die Konjunkturbelebung weiter an Schwung. Die Nachfragedynamik geht zunehmend vom Export auf die Ausr\u00fcstungsinvestitionen und den privaten Konsum \u00fcber. Damit erh\u00e4lt das Wachstum eine breitere Basis, es sollte sich auf real 2\u00be% (1998) und 3% (1999) erh\u00f6hen. Die Konjunkturbelebung bildet die wichtigste Voraussetzung f\u00fcr einen R\u00fcckgang der Arbeitslosenquote, zus\u00e4tzliche Impulse k\u00f6nnen von einem Ausbau der aktiven Arbeitsmarktpolitik im Rahmen der \\\"Nationalen Aktionspl\u00e4ne f\u00fcr Besch\u00e4ftigung\\\" kommen. Europa \u00fcbernimmt schrittweise die Rolle einer Konjunkturlokomotive f\u00fcr die Weltwirtschaft. Der asiatische Raum befindet sich in einer schweren Krise, in den USA schw\u00e4cht sich das Wachstum langsam ab. Die gr\u00f6\u00dften Risken f\u00fcr die Konjunkturentwicklung bildet die labile Lage in Ru\u00dfland.<\\\/p><p>AB  - In der EU gewinnt die Konjunkturbelebung weiter an Schwung. Die Nachfragedynamik geht zunehmend vom Export auf die Ausr\u00fcstungsinvestitionen und den privaten Konsum \u00fcber. Damit erh\u00e4lt das Wachstum eine breitere Basis, es sollte sich auf real 2\u00be% (1998) und 3% (1999) erh\u00f6hen. Die Konjunkturbelebung bildet die wichtigste Voraussetzung f\u00fcr einen R\u00fcckgang der Arbeitslosenquote, zus\u00e4tzliche Impulse k\u00f6nnen von einem Ausbau der aktiven Arbeitsmarktpolitik im Rahmen der \\\"Nationalen Aktionspl\u00e4ne f\u00fcr Besch\u00e4ftigung\\\" kommen. Europa \u00fcbernimmt schrittweise die Rolle einer Konjunkturlokomotive f\u00fcr die Weltwirtschaft. Der asiatische Raum befindet sich in einer schweren Krise, in den USA schw\u00e4cht sich das Wachstum langsam ab. Die gr\u00f6\u00dften Risken f\u00fcr die Konjunkturentwicklung bildet die labile Lage in Ru\u00dfland.<\\\/p><p>KW  - Aufschwung beg\u00fcnstigt verst\u00e4rkte Arbeitsmarktpolitik in der EU; Current Upswing Supports Labor Market Policies in the EU<\\\/p><p>M3  - WIFO-Schriftenreihen<\\\/p><p>VL  - 71<\\\/p><p>SP  - 381<\\\/p><p>EP  - 390<\\\/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 v28.3 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Current Upswing Supports Labor Market Policies in the EU - 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\/85277\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Current Upswing Supports Labor Market Policies in the EU\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/85277\/\" \/>\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=\"2024-11-06T22:52:04+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\\\/85277\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/85277\\\/\",\"name\":\"Current Upswing Supports Labor Market Policies in the EU - 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