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Business Cycle Upturn Interrupted. Economic Outlook for 2011 and 2012


  • Marcus Scheiblecker



Domestic and international business surveys have been signalling a business cycle slowdown for some time. Moreover, uncertainty about the course of economic activity has markedly increased with the sovereign debt crisis in the euro area still unresolved. As a consequence, firms have turned more cautious in embarking on new investment projects. Hence, GDP growth in Austria is expected to decelerate from close to 3 percent in 2011 to a modest 0.8 percent in 2012.

Suggested Citation

  • Marcus Scheiblecker, 2011. "Business Cycle Upturn Interrupted. Economic Outlook for 2011 and 2012," Austrian Economic Quarterly, WIFO, vol. 16(4), pages 196-205, November.
  • Handle: RePEc:wfo:wquart:y:2011:i:4:p:196-205

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