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Economy Deteriorating at Accelerating Pace

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Author Info
Sandra Steindl (WIFO)
Abstract

Following a contraction of the Austrian economy by 0.2 percent quarter-on-quarter, seasonally and working day adjusted, in the fourth quarter of 2008 (+0.3 percent year-on-year), the slowdown in manufacturing activity continues in the first quarter of 2009. The results of the latest WIFO Business Cycle Survey signal a deepening of the crisis. The recession that has hit Austria's major trading partners is weighing on export and industrial activity, with the job market reacting with a rapid rise in unemployment in February.

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

Volume (Year): 82 (2009)
Issue (Month): 3 (March)
Pages: 159-167
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Handle: RePEc:wfo:monber:y:2009:i:3:p:159-167

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Related research
Keywords: Konjunkturbericht Österreich;

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This page was last updated on 2009-12-8.

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