Austria's Economy Still Stagnating. Business Cycle Report of June 2013

Stefan Schiman

Austrian Economic Quarterly, 2013, vol. 18, issue 2, 115-122

Abstract: Austria's economy stagnated yet again in the first quarter of 2013 (for the fourth consecutive time), registering weak external and domestic demand. Inflation receded recently, while the seasonally adjusted unemployment rate remained consistently high at 7.5 percent. Global economic activity is fragmented: Japan is implementing massive monetary and fiscal policy measures to stimulate the economy and overcome deflation. In the USA, the recovery is supported by private consumption. Many countries in Europe remain mired in recession, however.

Keywords: Business; Cycle; Report; Austria; Europe (search for similar items in EconPapers)
Date: 2013
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