Die Presse, an Austrian daily newspaper, reports that according to a recent survey conducted by OGM (n = 501), 68% of the Austrian populace believes that life will be harder in 2015. 51% believe that they will be poorer in ten years. Only 9% think life will be easier in ten years and only a meager 6% think that they will be richer after a decade has past.
The good news is that Austrians (especially journalists), who have always loved to cast dark shadows over the outlook for Austria's economy, have consistently been wrong. Their forecast were ex post completely unjustified as the figure given below shows. Why can't they say: "We are already one of the richest nations in the world, and things will probably get better, as they have in the past?"
Update (I$ in 1996 Constant Prices, see comment section):
(Data: Alan Heston, Robert Summers and Bettina Aten, Penn World Table Version 6.1, Center for International Comparisons at the University of Pennsylvania (CICUP), October 2002)
The good news is that Austrians (especially journalists), who have always loved to cast dark shadows over the outlook for Austria's economy, have consistently been wrong. Their forecast were ex post completely unjustified as the figure given below shows. Why can't they say: "We are already one of the richest nations in the world, and things will probably get better, as they have in the past?"
Update (I$ in 1996 Constant Prices, see comment section):
(Data: Alan Heston, Robert Summers and Bettina Aten, Penn World Table Version 6.1, Center for International Comparisons at the University of Pennsylvania (CICUP), October 2002)
Mahalanobis - am 2005-12-29 18:22 - Rubrik: economics
