Global Economic Crisis Striking Severely also in Austria. Economic Outlook for 2009 and 2010

Marcus Scheiblecker

in WIFO Economic Outlook from WIFO

Abstract: The global economic crisis leaves deep traces in the EU countries. In Austria, too, GDP will suffer a marked decline by 2.2 percent this year. While exports and investment are falling steeply, consumption will maintain a moderate upward path due to the counter-cyclical policy action taken. The labour market will suffer job losses and a strong increase in unemployment. As a result of the worldwide economic stimulus measures, Austrian GDP should pick up by a modest 0.5 percent in 2010.

Keywords: WIFO; Economic; Outlook (search for similar items in EconPapers)
Date: 2009
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Journal Article: Global Economic Crisis Striking Severely Also in Austria. Economic Outlook for 2009 and 2010 (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:wfo:wkprog:35539

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