The European Economy in Recession – Domestic Policy Action Cushioning the Downturn. Economic Outlook for 2009 and 2010
The cyclical downturn of the world economy is being severely exacerbated by the international financial crisis. The real economy in Europe suffers from its repercussions to a surprisingly large extent. GDP in the euro area is projected to fall by 1.2 percent in volume in 2009. The Austria economy will not escape the downward trend, even if the strongly expansionary stance of fiscal policy will dampen its momentum. Austria's GDP is therefore expected to recede by a relatively modest 0.5 per cent. With a tentative recovery of the global economy forecast to take hold in 2010, growth in Austria should resume at a rate of 0.9 percent.
Volume (Year): 14 (2009)
Issue (Month): 1 (January)
|Contact details of provider:|| Postal: Arsenal Object 20, A-1030 Wien|
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:2009:i:1:p:1-10. 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.