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Unsolved Problems in European Monetary Union Weighing on Austrian Economy. Business Cycle Report of February 2012

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  • Stefan Ederer

Abstract

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.

Suggested Citation

  • Stefan Ederer, 2012. "Unsolved Problems in European Monetary Union Weighing on Austrian Economy. Business Cycle Report of February 2012," Austrian Economic Quarterly, WIFO, vol. 17(1), pages 37-44, March.
    • Handle: RePEc:wfo:wquart:y:2012:i:1:p:37-44
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    Business Cycle Report Austria;

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