Business Cycle Upturn Interrupted. Economic Outlook for 2011 and 2012
Domestic and international business surveys have been signalling a business cycle slowdown for some time. Moreover, uncertainty about the course of economic activity has markedly increased with the sovereign debt crisis in the euro area still unresolved. As a consequence, firms have turned more caut...| Link(s) zu Dokument(en): | WIFO Publikation |
|---|---|
| Veröffentlicht in: | Austrian Economic Quarterly |
| 1. Verfasser: | |
| Format: | article |
| Sprache: | Englisch |
| Veröffentlicht: |
2011
|
| Schlagworte: |
| Zusammenfassung: | Domestic and international business surveys have been signalling a business cycle slowdown for some time. Moreover, uncertainty about the course of economic activity has markedly increased with the sovereign debt crisis in the euro area still unresolved. As a consequence, firms have turned more cautious in embarking on new investment projects. Hence, GDP growth in Austria is expected to decelerate from close to 3 percent in 2011 to a modest 0.8 percent in 2012. |
|---|