Euro Area in Temporary Recession. Economic Outlook for 2012 and 2013

Marcus Scheiblecker

in WIFO Economic Outlook from WIFO

Abstract: The euro area economy is currently in recession. By the middle of the year, however, economic activity is expected to head up again, even if the recovery promises to be subdued given the fiscal restraint in many countries. While the export-oriented sector in Germany and Austria continues to receive stimulus from economies outside Europe, it will nevertheless be affected by sluggish euro area growth. Real GDP in Austria is likely to edge up by 0.4 percent in 2012. Growth in 2013 should strengthen to 1.4 percent, driven by foreign demand, but dampened by fiscal consolidation. The rise in oil prices will prevent a speedy decline in inflation.

Keywords: WIFO; Economic; Outlook (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.wifo.ac.at/wwa/pubid/44013 abstract (text/html)

Related works:
Journal Article: Euro Area in Temporary Recession. Economic Outlook for 2012 and 2013 (2012)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wfo:wkprog:44013

Access Statistics for this book

More books in WIFO Economic Outlook from WIFO Contact information at EDIRC.
Bibliographic data for series maintained by Florian Mayr ().