IDEAS home Printed from https://ideas.repec.org/a/wfo/wquart/y2012i3p143-154.html
   My bibliography  Save this article

Euro Area Debt Crisis Weighing Increasingly on Domestic Activity. Economic Outlook for 2012 and 2013

Author

Listed:
  • Marcus Scheiblecker

    (WIFO)

Abstract

After a robust start into 2012, the Austrian economy is becoming more and more affected by the sluggish performance in the euro area. The drawn-out debate about the appropriate policy approach to resolve the acute sovereign debt crisis makes a short-term forecast at the present stage particularly uncertain. Leading indicators for Austria point to subdued economic activity in the months ahead. Against this background, GDP growth for the whole year is projected at 0.6 percent. In 2013, the growth momentum should pick up to a rate of 1.3 percent. In spite of employment maintaining an upward trend, unemployment will rise at the same time.

Suggested Citation

  • Marcus Scheiblecker, 2012. "Euro Area Debt Crisis Weighing Increasingly on Domestic Activity. Economic Outlook for 2012 and 2013," Austrian Economic Quarterly, WIFO, vol. 17(3), pages 143-154, October.
  • Handle: RePEc:wfo:wquart:y:2012:i:3:p:143-154
    as

    Download full text from publisher

    File URL: https://www.wifo.ac.at/wwa/pubid/45098
    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

    Keywords

    Economic Outlook Austria August;

    Statistics

    Access and download statistics

    Corrections

    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:3:p:143-154. 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: http://edirc.repec.org/data/wifooat.html .

    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.