Setback in Economic Activity

Markus Marterbauer
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Markus Marterbauer: WIFO

WIFO Monatsberichte (monthly reports), 2009, vol. 82, issue 2, pages 103-111

Abstract: In the fourth quarter of 2008, seasonally and working day adjusted GDP declined for the first time since mid-2001, mainly in response to the deep recession in the export-oriented manufacturing industry. Private households, on the other hand, increased their consumption, albeit very moderately. Tourism registered a strong start of the winter season. The economic downturn is also reflected in rapidly slowing inflation and sharply rising unemployment.

Keywords: Konjunkturbericht; Österreich (search for similar items in EconPapers)
Date: 2009

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