The European Economy in Recession – Domestic Policy Action Cushioning the Downturn. Economic Outlook for 2009 and 2010
AbstractThe cyclical downturn of the world economy is being severely exacerbated by the international financial crisis. The real economy in Europe suffers from its repercussions to a surprisingly large extent. GDP in the euro area is projected to fall by 1.2 percent in volume in 2009. The Austria economy will not escape the downward trend, even if the strongly expansionary stance of fiscal policy will dampen its momentum. Austria's GDP is therefore expected to recede by a relatively modest 0.5 per cent. With a tentative recovery of the global economy forecast to take hold in 2010, growth in Austria should resume at a rate of 0.9 percent.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by WIFO in its journal Quarterly.
Volume (Year): 14 (2009)
Issue (Month): 1 (January)
Economic Outlook; Austria;
Other versions of this item:
- Marcus Scheiblecker, 2009. "The European Economy in Recession – Domestic Policy Action Cushioning the Downturn. Economic Outlook for 2009 and 2010," WIFO Monatsberichte (monthly reports), WIFO, vol. 82(1), pages 3-14, January.
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ilse Schulz).
If references are entirely missing, you can add them using this form.