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Economy Deteriorating at Accelerating Pace

Sandra Steindl
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Sandra Steindl: WIFO

WIFO Monatsberichte (monthly reports), 2009, vol. 82, issue 3, pages 159-167

Abstract: Following a contraction of the Austrian economy by 0.2 percent quarter-on-quarter, seasonally and working day adjusted, in the fourth quarter of 2008 (+0.3 percent year-on-year), the slowdown in manufacturing activity continues in the first quarter of 2009. The results of the latest WIFO Business Cycle Survey signal a deepening of the crisis. The recession that has hit Austria's major trading partners is weighing on export and industrial activity, with the job market reacting with a rapid rise in unemployment in February.

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

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