International Downturn Weighing on Domestic Activity. Economic Outlook for 2008 and 2009

Marcus Scheiblecker

Austrian Economic Quarterly, 2008, vol. 13, issue 4, 134-143

Abstract: Following an increase by 3.1 percent in 2007, economic growth in Austria will significantly lose momentum this year and next. While demand and output still proved robust in the first half of 2008, GDP for the year as a whole will expand by a more modest 2 percent in volume. In 2009, the annual rate of growth will fall further, below the mark of 1 percent, although a recovery should take hold as from the middle of the year. The global business cycle downturn, high energy prices and unfavourable exchange rate shifts exert a drag on domestic activity. While inflation is gradually receding, the positive trend on the labour market will turn around.

Date: 2008
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.wifo.ac.at/wwa/pubid/34179 abstract (text/html)
Payment required

Related works:
Book: International Downturn Weighing On Domestic Activity. Economic Outlook for 2008 and 2009 (2008)
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:wquart:y:2008:i:4:p:134-143

Access Statistics for this article

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