Recessionary Tendencies Seen in Austria at the End of 2014. Business Cycle Report of December 2014

Christian Glocker

WIFO Bulletin, 2014, vol. 19, issue 16, 151-159

Abstract: Austria's real GDP contracted by 0.1 percent in the third quarter compared with the previous quarter. As a result of this development and consistent with the dismal picture painted by the leading indicators for the fourth quarter of 2014, a technical recession lies within the realms of possibility. So far there is no evidence of a subsequent recovery, but the Austrian economy should regain some momentum on the back of the euro weakness and the continued decline in commodity prices.

Keywords: Business; Cycle; Report (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:wfo:wblltn:y:2014:i:16:p:151-159

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