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Economy Improving at Modest Pace. Business Cycle Report of December 2013

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  • Stefan Schiman

Abstract

GDP grew at a seasonally and working day adjusted rate of 0.2 percent in the third quarter, compared with the previous quarter. Hence the upturn set in at only a modest pace. In the EU countries, economic activity remains sluggish and uneven. Weak price dynamics prompted the European Central Bank to cut its benchmark interest rate.

Suggested Citation

  • Stefan Schiman, 2013. "Economy Improving at Modest Pace. Business Cycle Report of December 2013," Austrian Economic Quarterly, WIFO, vol. 18(4), pages 218-225, December.
    • Handle: RePEc:wfo:wquart:y:2013:i:4:p:218-225
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    Business Cycle Report Austria;

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