Abrupt Interruption of Economic Recovery in First Half of 2014. Business Cycle Report of September 2014

Stefan Schiman

WIFO Bulletin, 2014, vol. 19, issue 10, 93-99

Abstract: World trade growth did not accelerate further as expected in the first half of 2014, but slackened again. The reason for this development lies in the weak import demand of many emerging market economies, a consequence of the capital flight following the announced trend reversal of US monetary policy. Export-oriented economies in Europe such as Austria were more strongly affected than the USA, where the upswing continued thanks to robust domestic demand. Moreover, Austrian firms have again curtailed their gross investment this year. The seasonally adjusted unemployment rate stagnated once again at 8.5 percent in August.

Keywords: Business; Cycle; Report (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.wifo.ac.at/wwa/pubid/47484 abstract (text/html)
Payment required

Related works:
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:wblltn:y:2014:i:10:p:93-99

Access Statistics for this article

More articles in WIFO Bulletin from WIFO Contact information at EDIRC.
Bibliographic data for series maintained by Florian Mayr ().