Sluggish Economic Recovery: Unemployment Threatens to Solidify. Business Cycle Report of September 2020

Stefan Schiman

WIFO Bulletin, 2020, vol. 25, issue 8, 67-74

Abstract: In the EU, all components of demand were impacted by the economic downturn in the second quarter; in the UK, France and Italy, private consumption was affected to an above-average extent. In Austria, economic output in the second quarter was one eighth down compared to the previous year's level, the decline thus being less pronounced than the EU average. Tourism suffered less than in Italy or Spain; the development of overnight stays by German and domestic visitors cushioned the drop in demand in July. Only a good third of the unemployment caused by the crisis has so far been recuperated. As a result, long-term unemployment has continued to rise recently.

Keywords: Business Cycle; Economic Outlook; Forecast (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.wifo.ac.at/wwa/pubid/66524 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:2020:i:8:p:67-74

Access Statistics for this article

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