IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Export Industry Growing Vigorously, Energy Price Increases Weighing on Economic Activity. Business Cycle Report of March 2011

Listed author(s):
  • Markus Marterbauer


In the fourth quarter, real GDP expanded by 0.8 percent compared with the previous quarter and by 2.7 percent compared with a year before. Over the whole of 2010, the economy grew by 2 percent. Exports and manufacturing remain the key drivers of the economic recovery. Equipment investment is also slowly beginning to pick up; the construction industry, by contrast, remains in recession. Private consumption rose also during the 2008-09 recession and was thus an important stabilising factor for the economy; it now continues to grow at a modest pace. The recovery in the labour market is also continuing. The number of unemployed persons has fallen by 31,000 from its peak, thus offsetting half of the increase triggered by the recession. The increase in world market prices for commodities (oil, agricultural goods, metals) is already feeding through noticeably into consumer prices: In January, inflation reached 2.4 percent.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
File Function: Abstract
Download Restriction: Payment required

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Article provided by WIFO in its journal Quarterly.

Volume (Year): 16 (2011)
Issue (Month): 1 (March)
Pages: 57-65

in new window

Handle: RePEc:wfo:wquart:y:2011:i:1:p:57-65
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:

More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:wfo:wquart:y:2011:i:1:p:57-65. 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 you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.