Euro Area Economy Drawing Lagged Benefits from Currency Depreciation and Buoyant Global Trade. Economic Outlook for 2010 and 2011

Gerhard Rünstler
Additional contact information
Gerhard Rünstler: WIFO

in WIFO Economic Outlook from WIFO

Abstract: World trade rebounded further in the first few months of 2010, its volume meanwhile approaching the pre-crisis level. On the back of the boom in Asia, the recovery in the USA and the depreciation of the euro, euro area exports should make good headway. Nevertheless, the cyclical upturn will remain muted for still some time, due to sluggish domestic demand. Major risks derive from macroeconomic imbalances and financial market volatility. For Austria, WIFO expects real GDP to grow by 1.2 percent in 2010 and 1.6 percent in 2011.

Keywords: WIFO; Economic; Outlook (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.wifo.ac.at/wwa/pubid/40033 abstract (text/html)

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:wkprog:40033

Access Statistics for this book

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