Recessionary Tendencies Seen in Austria at the End of 2014. Business Cycle Report of December 2014
Austria's real GDP contracted by 0.1 percent in the third quarter compared with the previous quarter. As a result of this development and consistent with the dismal picture painted by the leading indicators for the fourth quarter of 2014, a technical recession lies within the realms of possibility....| Link(s) zu Dokument(en): | WIFO Publikation |
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| Veröffentlicht in: | WIFO Bulletin |
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| Format: | article |
| Sprache: | Englisch |
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2014
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| Zusammenfassung: | Austria's real GDP contracted by 0.1 percent in the third quarter compared with the previous quarter. As a result of this development and consistent with the dismal picture painted by the leading indicators for the fourth quarter of 2014, a technical recession lies within the realms of possibility. So far there is no evidence of a subsequent recovery, but the Austrian economy should regain some momentum on the back of the euro weakness and the continued decline in commodity prices. |
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