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Economy Stabilising after Slight Dip in Growth at the End of 2011. Business Cycle Report of March 2012

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  • Christian Glocker

    (WIFO)

Abstract

Austrian GDP contracted moderately in the fourth quarter of 2011. The slower pace of growth was largely due to weak global economic activity and the associated decline in international capital and trade flows. The high macro-financial risks persist. The ECB implemented measures aimed at restoring confidence in financial markets. Global economic activity again picked up slightly at the beginning of the year. This stabilisation is supported by the USA, but notably by the emerging economies. However, the outlook for global growth continues to be subject to downside risks owing to the European sovereign debt crisis.

Suggested Citation

  • Christian Glocker, 2012. "Economy Stabilising after Slight Dip in Growth at the End of 2011. Business Cycle Report of March 2012," Austrian Economic Quarterly, WIFO, vol. 17(1), pages 45-54, April.
  • Handle: RePEc:wfo:wquart:y:2012:i:1:p:45-54
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    File URL: http://www.wifo.ac.at/wwa/pubid/44094
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    References listed on IDEAS

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    1. Serguei Kaniovski & Hans Pitlik & Sandra Steindl & Thomas Url, 2008. "A Decomposition of Austria's General Government Budget into Structural and Cyclical Components," WIFO Working Papers 316, WIFO.
    2. Marcus Scheiblecker, 2012. "Sovereign Debt Crisis Tightening Its Grip on the Real Economy. Economic Outlook for 2012 and 2013," Austrian Economic Quarterly, WIFO, pages 1-11.
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    Keywords

    Business Cycle Report Austria;

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