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Economic Recovery in Third Quarter 2009. Business Cycle Report of November 2009

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  • Gerhard Rünstler

    (WIFO)

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    Abstract

    In the third quarter, Austrian GDP increased at a seasonally and working day adjusted rate of 0.9 percent quarter-on-quarter. Global economic conditions improved further: world trade and economic activity in the industrialised countries expanded for the first time in a year. Leading indicators point to a continuation of the upturn. WIFO's business cycle survey shows that production expectations have brightened further also in Austria; first signs of stabilisation have become apparent in the labour market. However, the difficulties still standing in the way of a lasting upturn in the medium term must not be overlooked.

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    Bibliographic Info

    Article provided by WIFO in its journal Quarterly.

    Volume (Year): 14 (2009)
    Issue (Month): 4 (December)
    Pages: 233-241

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    Handle: RePEc:wfo:wquart:y:2009:i:4:p:233-241

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    Keywords: Business Cycle Report; Austria;

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