IDEAS home Printed from
   My bibliography  Save this article

Euro Area in Temporary Recession. Economic Outlook for 2012 and 2013


  • Marcus Scheiblecker



Demand and output in the euro area receded at the end of 2011. While the "soft patch" of the recovery should be overcome by the middle of 2012, the momentum of growth will remain modest due to the drive for fiscal consolidation across Europe. Real GDP in the euro area is likely to edge down by 0.2 percent this year, before rebounding by 1.3 percent in 2013. The highly export-oriented economies of Germany and Austria will benefit to an above-average extent from demand from non-European regions. As a consequence, the Austrian economy is projected to grow by 0.4 percent this year, accelerating to 1.4 percent in 2013. Labour market conditions are likely to weaken throughout the forecast period.

Suggested Citation

  • Marcus Scheiblecker, 2012. "Euro Area in Temporary Recession. Economic Outlook for 2012 and 2013," Austrian Economic Quarterly, WIFO, vol. 17(2), pages 69-80, May.
  • Handle: RePEc:wfo:wquart:y:2012:i:2:p:69-80

    Download full text from publisher

    File URL:
    File Function: Abstract
    Download Restriction: Payment required

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    More about this item


    Economic Outlook Austria;


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wfo:wquart:y:2012:i:2:p:69-80. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ilse Schulz). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.