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First Quarter Sees Austrian Economy Expand – European Sovereign Debt Crisis Dampens Outlook. Business Cycle Report of June 2012

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  • Christian Glocker

    (WIFO)

Abstract

After stagnation of the gross domestic product in the third and fourth quarters of last year, GDP expanded at a quarter-on-quarter rate of 0.2 percent in the first quarter of 2012. All demand components contributed to growth. On the production side, notably trade provided positive stimulus. Against the background of subdued global economic activity and markedly increased risk aversion in financial markets, Austria's growth prospects are deteriorating considerably. This development is also reflected in the results of WIFO's latest business cycle survey.

Suggested Citation

  • Christian Glocker, 2012. "First Quarter Sees Austrian Economy Expand – European Sovereign Debt Crisis Dampens Outlook. Business Cycle Report of June 2012," Austrian Economic Quarterly, WIFO, vol. 17(2), pages 132-142, July.
  • Handle: RePEc:wfo:wquart:y:2012:i:2:p:132-142
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    Keywords

    Business Cycle Report Austria;

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