Domestic Activity Bolsters Economic Growth in Austria. Business Cycle Report of August 2016

Christian Glocker
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Christian Glocker: WIFO

WIFO Bulletin, 2016, vol. 21, issue 10, 92-99

Abstract: According to WIFO's latest Flash Estimate, Austrian real gross domestic product grew by 0.3 percent quarter on quarter in the second quarter of 2016 (trend-cycle component). Hence the underlying momentum of economic activity in Austria showed a similar upward trend as in previous quarters. Growth was largely driven by domestic demand, while net trade provided hardly any stimulus. The picture painted by leading indicators keeps improving, but the general sentiment remains subdued.

Keywords: Business; Cycle; Report (search for similar items in EconPapers)
Date: 2016
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