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Austrian Economy Experiencing Upswing. Business Cycle Report of August 2010


  • Marcus Scheiblecker



Following stagnation at the beginning of the year, the Austrian economy grew at a vigorous pace in the second quarter (+0.9 percent in real terms, quarter-on-quarter). This development was driven by external demand: in April and May, the value of goods exports rose by more than 10 percent each, year-on-year. The construction industry, on the other hand, has not yet overcome the crisis, although the downward trend has recently weakened. The domestic labour market continued on its trend of improvement also in July. Unemployment declined further, and employment increased yet again.

Suggested Citation

  • Marcus Scheiblecker, 2010. "Austrian Economy Experiencing Upswing. Business Cycle Report of August 2010," Austrian Economic Quarterly, WIFO, vol. 15(3), pages 259-267, September.
  • Handle: RePEc:wfo:wquart:y:2010:i:3:p:259-267

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    References listed on IDEAS

    1. מחקר - ביטוח לאומי, 2008. "Annual Survey 2007," Working Papers 19, National Insurance Institute of Israel.
    2. anonymous, 2008. "2008 Survey of community banks," TEN, Federal Reserve Bank of Kansas City, issue Win, pages 1-37.
    3. Megginson, William Leon, 2005. "The Financial Economics of Privatization," OUP Catalogue, Oxford University Press, number 9780195150629, June.
    4. Margit Schratzenstaller, 2009. "The Tax Reform 2009-10," Austrian Economic Quarterly, WIFO, vol. 14(4), pages 217-232, December.
    5. Markus Marterbauer, 2010. "Sluggish Cyclical Recovery. Economic Outlook for 2010 and 2011," Austrian Economic Quarterly, WIFO, vol. 15(2), pages 133-145, May.
    6. Friedrich Schneider, 2009. "Size and Development of the Shadow Economy in Germany, Austria and Other oecd-Countries. Some Preliminary Findings," Revue économique, Presses de Sciences-Po, vol. 60(5), pages 1079-1116.
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