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 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.

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Year of publication:	2011
Authors:	Scheiblecker, Marcus
Published in:	Austrian Economic Quarterly. - Österreichisches Institut für Wirtschaftsforschung (WIFO). - Vol. 16.2011, 4, p. 196-205
Publisher:	Österreichisches Institut für Wirtschaftsforschung (WIFO)
Subject:	Economic Outlook
Description of contents:	Abstract [wifo.ac.at]

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009364161