Heading into Recession. Business Cycle Report of December 2008

Ewald Walterskirchen
Additional contact information
Ewald Walterskirchen: WIFO

Austrian Economic Quarterly, 2008, vol. 13, issue 4, 200-208

Abstract: The real economy is now feeling the full impact of the global financial crisis. The economic downturn, which started out with exports, is now spreading to all the other demand components. Real GDP barely grew quarter-on-quarter in the third quarter of 2008 (+0.1 percent). In year-on-year terms, economic growth decelerated noticeably from 2.9 percent in the first quarter to 1.2 percent in the third quarter. But unlike Germany's economy, the Austrian economy was not yet in recession in autumn.

Keywords: Business Cycle Report; Austria (search for similar items in EconPapers)
Date: 2008
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.wifo.ac.at/wwa/pubid/34899 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:wquart:y:2008:i:4:p:200-208

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 ().