Euro Area Debt Crisis Weighing Increasingly on Domestic Activity. Economic Outlook for 2012 and 2013
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.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 17 (2012)
Issue (Month): 3 (October)
|Contact details of provider:|| Postal: |
Phone: (+43 1) 798 26 01-0
Fax: (+43 1) 798 93 86
Web page: http://www.wifo.ac.at/
More information through EDIRC
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)
If references are entirely missing, you can add them using this form.