Heading Into Recession

Ewald Walterskirchen
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Ewald Walterskirchen: WIFO

WIFO Monatsberichte (monthly reports), 2008, vol. 81, issue 12, pages 899-908

Abstract: The Austrian economy barely expanded quarter-on-quarter in the third quarter of 2008 (+0.1 percent), but unlike Germany's is not yet in a recession. However, sharply falling order book levels and business expectations suggest that economic activity will weaken further in the coming months. This assessment is supported by current labour market developments: unemployment rose slightly in November, the number of job vacancies dropped sharply.

Keywords: Konjunkturbericht; Österreich (search for similar items in EconPapers)
Date: 2008

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