Unsolved Problems in European Monetary Union Weighing on Austrian Economy. Business Cycle Report of February 2012
The global economy lost momentum over the course of 2011. In the euro area, economic indicators point to economic stagnation in the first half of 2012. This is also weighing on the Austrian economy. However, there are tentative signs of a stabilisation in economic activity. Nevertheless, Austrian GDP is not likely to grow in the first quarter. Labour market conditions remain bleak, reflecting this subdued development. Inflation, by contrast, is receding.
Volume (Year): 17 (2012)
Issue (Month): 1 (March)
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