First Quarter: Economy Still Robust. Business Cycle Report of May 2008
The Austrian economy once again expanded vigorously in the first quarter of 2008. Overall real GDP growth was 0.8 percent quarter-on-quarter, according to WIFO's latest flash estimate. Value added growth in export-oriented industrial production, construction and tourism provided fresh stimulus to the economy. Private consumption remained subdued. For the current quarter, the results of the WIFO business survey suggest a weakening of industrial activity. Accelerated consumer price inflation dampened consumer confidence in March. US GDP growth was almost nil for the second consecutive time in the first quarter, and in Europe, too, leading indicators point to a gradual deceleration in economic activity.
Volume (Year): 13 (2008)
Issue (Month): 2 (June)
|Contact details of provider:|| Postal: |
Phone: (+43 1) 798 26 01-0
Fax: (+43 1) 798 93 86
Web page: http://www.wifo.ac.at/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:wfo:wquart:y:2008:i:2:p:65-72. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ilse Schulz)
If references are entirely missing, you can add them using this form.