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Rebound in Industrial Activity, Unemployment Rising Further. Business Cycle Report December 2009

Author

Listed:
  • Stefan Ederer

    (WIFO)

  • Markus Marterbauer

    (WIFO)

Abstract

Underpinned by expansionary economic policy, global economic activity has stabilised, with world trade expanding vigorously since the summer. In Austria, real GDP grew at a seasonally adjusted quarter-on-quarter rate of 0.9 percent in the third quarter, according to provisional calculations. Notably industrial activity has recovered. Construction production has only recently followed a slight upward trend. The retail sector has remained stable, thanks to strong wage increases and low inflation. Unemployment continues to rise, albeit at a slower pace than of late.

Suggested Citation

  • Stefan Ederer & Markus Marterbauer, 2009. "Rebound in Industrial Activity, Unemployment Rising Further. Business Cycle Report December 2009," Austrian Economic Quarterly, WIFO, vol. 14(4), pages 242-250, December.
  • Handle: RePEc:wfo:wquart:y:2009:i:4:p:242-250
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    Keywords

    Business Cycle Report; Austria;

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