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Crisis of European Monetary Union Weakens Austrian Economy. Business Cycle Report of August 2012

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  • Stefan Ederer

Abstract

Global economic activity continues to weaken. The crisis acts as a drag on the euro area economy. A slowdown is noticeable also in Asia's emerging markets. These developments dampen economic activity in Austria. Growth in the manufacturing industry is slowing. But the construction and services sectors are still performing strongly. The situation in the labour market is deteriorating. Inflation, by contrast, remains low.

Suggested Citation

  • Stefan Ederer, 2012. "Crisis of European Monetary Union Weakens Austrian Economy. Business Cycle Report of August 2012," Austrian Economic Quarterly, WIFO, vol. 17(3), pages 207-213, October.
    • Handle: RePEc:wfo:wquart:y:2012:i:3:p:207-213
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    Business Cycle Report Austria;

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