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