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Recessionary Tendencies Seen in Austria at the End of 2014. Business Cycle Report of December 2014

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  • Christian Glocker

    (WIFO)

Abstract

Austria's real GDP contracted by 0.1 percent in the third quarter compared with the previous quarter. As a result of this development and consistent with the dismal picture painted by the leading indicators for the fourth quarter of 2014, a technical recession lies within the realms of possibility. So far there is no evidence of a subsequent recovery, but the Austrian economy should regain some momentum on the back of the euro weakness and the continued decline in commodity prices.

Suggested Citation

  • Christian Glocker, 2014. "Recessionary Tendencies Seen in Austria at the End of 2014. Business Cycle Report of December 2014," WIFO Bulletin, WIFO, vol. 19(16), pages 151-159, December.
    • Handle: RePEc:wfo:wblltn:y:2014:i:16:p:151-159
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    Business Cycle Report;

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