IDEAS home Printed from https://ideas.repec.org/a/wfo/wquart/y2011i3p177-184.html
   My bibliography  Save this article

Global Growth is Slowing. Business Cycle Report of September 2011

Author

Listed:
  • Gerhard Rünstler

    (WIFO)

Abstract

The momentum of the global economy has continued to weaken recently. The USA and the euro area registered only moderate quarterly growth of 0.2 percent each in the second quarter. The more unfavourable economic outlook, the controversial debate about the government debt ceiling in the USA, and the debt crisis in the euro area triggered very high uncertainty in financial markets in August. Following a severe decline, stock prices stabilised for the time being towards the end of the month. The Austrian economy expanded by 0.7 percent in real terms in the second quarter, but, as evidenced by the WIFO Business Cycle Survey, will very likely not be able to elude the cooling of global economic activity in the third quarter. HICP core inflation was 3.1 percent in Austria, exceeding the euro area average by 1.6 percentage points.

Suggested Citation

  • Gerhard Rünstler, 2011. "Global Growth is Slowing. Business Cycle Report of September 2011," Austrian Economic Quarterly, WIFO, vol. 16(3), pages 177-184, October.
  • Handle: RePEc:wfo:wquart:y:2011:i:3:p:177-184
    as

    Download full text from publisher

    File URL: https://www.wifo.ac.at/wwa/pubid/42690
    File Function: abstract
    Download Restriction: Payment required
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Business Cycle Report;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wfo:wquart:y:2011:i:3:p:177-184. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Florian Mayr (email available below). General contact details of provider: https://edirc.repec.org/data/wifooat.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.