Advanced Search
MyIDEAS: Login

First-Quarter GDP Contracting

Contents:

Author Info

  • Gerhard Rünstler

    (WIFO)

Abstract

The Austrian economy shrank by 2.8 percent in real terms in the first quarter of 2009 compared with the previous quarter, after a 0.4 percent drop in the fourth quarter of the previous year. Global trade continued to plummet in the first quarter, which strongly affected Austrian exports. As a result, investment also fell sharply. Private consumption, on the other hand, remained steady. The short-time-work programs have only been able to alleviate the deteriorating situation in the labour market. Confidence indicators and some special factors point to an easing of the downward trend of the global economy in the second quarter. In Austria, the income tax reform and the car-scrapping premium should provide additional stimulus to private consumption.

Download Info

If 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.
File URL: http://www.wifo.ac.at/wwa/pubid/35941
File Function: Abstract
Download Restriction: Payment required

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Bibliographic Info

Article provided by WIFO in its journal Quarterly.

Volume (Year): 14 (2009)
Issue (Month): 2 (June)
Pages: 105-113

as in new window
Handle: RePEc:wfo:wquart:y:2009:i:2:p:105-113

Contact details of provider:
Postal: Arsenal Object 20, A-1030 Wien
Phone: (+43 1) 798 26 01-0
Fax: (+43 1) 798 93 86
Web page: http://www.wifo.ac.at/
More information through EDIRC

Related research

Keywords: Business Cycle Report; Austria;

Other versions of this item:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:wfo:wquart:y:2009:i:2:p:105-113

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ilse Schulz).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.