Eurozone Crisis Leaves Its Mark on Economic Developments in Austria. Business Cycle Report of September 2012
Following solid growth of the world economy in the first half of the year, leading indicators now increasingly point to a moderation in global activity. Signs of a marked slowdown in growth are emerging notably in Asia. Developments in Austria are increasingly determined by the euro crisis. In the f...| Link(s) zu Dokument(en): | WIFO Publikation |
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| Veröffentlicht in: | Austrian Economic Quarterly |
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| Format: | article |
| Sprache: | Englisch |
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2012
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| Zusammenfassung: | Following solid growth of the world economy in the first half of the year, leading indicators now increasingly point to a moderation in global activity. Signs of a marked slowdown in growth are emerging notably in Asia. Developments in Austria are increasingly determined by the euro crisis. In the first quarter of 2012, overall economic output still expanded by 0.5 percent compared with the previous period, whereas in the second quarter it rose by a mere 0.1 percent. The subdued economic momentum was apparent in almost all demand categories. Leading indicators suggest that economic activity in Austria is headed for a further slowdown. |
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