Strong Cyclical Upturn Mitigating the Severe Budgetary Problems. Economic Outlook for 2000 and 2001

  • Ewald Walterskirchen

Business cycle indicators are pointing strongly upwards. WIFO therefore raises its growth projections to 3.5 percent for 2000 and 3.2 percent for 2001. Stronger activity will have a positive impact on the budgetary position and on the labour market, while adding to inflationary risks.