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Economic Developments Marked by Debt Crisis. Business Cycle Report of December 2011

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  • Marcus Scheiblecker

Abstract

Economic momentum in the euro area is declining further, but no signs have yet emerged of a sharp fall in output. Meanwhile, the discussion continues among European economic policymakers on measures aimed at restoring financial market confidence in the member states' fiscal management. Now also countries with hitherto relatively low sovereign debt levels are faced with rising financing costs.

Suggested Citation

  • Marcus Scheiblecker, 2011. "Economic Developments Marked by Debt Crisis. Business Cycle Report of December 2011," Austrian Economic Quarterly, WIFO, vol. 16(4), pages 225-233, December.
    • Handle: RePEc:wfo:wquart:y:2011:i:4:p:225-233
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