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Turbulence in Financial Markets, Economic Growth in Austria Remaining Robust

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Author Info
Sandra Steindl (WIFO)

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Abstract

The US housing crisis has triggered turbulence in financial markets. In Austria, economic growth has maintained its momentum. In the second quarter, real GDP expanded by 0.9 percent (seasonally and working day adjusted) from the previous period. The main drivers of growth were once again manufacturing and external trade. In the euro area, leading indicators point to ongoing robust expansion, despite the moderation of growth in the second quarter.

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Publisher Info
Article provided by WIFO in its journal WIFO-Monatsberichte.

Volume (Year): 80 (2007)
Issue (Month): 9 (September)
Pages: 691-700
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Handle: RePEc:wfo:monber:y:2007:i:9:p:691-700

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Related research
Keywords: Konjunkturbericht Oesterreich;

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