Cyclical Revival in Sight. Economic Outlook for 2013 and 2014
Business activity slackened markedly in the second half of 2012, but leading indicators signal an early end of the downturn. While these signs remain tentative so far, they are observed for a broad range of variables. This justifies the assumption that the cyclical "soft patch" will soon be overcome...| Link(s) zu Dokument(en): | WIFO Publikation |
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| Veröffentlicht in: | Austrian Economic Quarterly |
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| Format: | article |
| Sprache: | Englisch |
| Veröffentlicht: |
2013
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| Zusammenfassung: | Business activity slackened markedly in the second half of 2012, but leading indicators signal an early end of the downturn. While these signs remain tentative so far, they are observed for a broad range of variables. This justifies the assumption that the cyclical "soft patch" will soon be overcome and that the Austrian economy will resume an upward path. Against this background, WIFO expects GDP growth to pick up from 0.6 percent in 2012 to 1.0 percent in 2013 and 1.8 percent in 2014. |
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