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

Author

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  • Gerhard Rünstler

    (WIFO)

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.

Suggested Citation

  • Gerhard Rünstler, 2009. "Economic Recovery in Third Quarter 2009. Business Cycle Report of November 2009," Austrian Economic Quarterly, WIFO, vol. 14(4), pages 233-241, December.
    • Handle: RePEc:wfo:wquart:y:2009:i:4:p:233-241
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    Keywords

    Business Cycle Report; Austria;

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