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Following the strong rebound observed since the autumn of 2010, the pace of global economic activity is now moderating markedly. While Asia continues to provide a strong impetus to growth, the US economy grew only modestly in the second quarter, and the latest data for the euro area also signal...
Persistent link: https://www.econbiz.de/10009291894
The momentum of the global economy has continued to weaken recently. The USA and the euro area registered only moderate quarterly growth of 0.2 percent each in the second quarter. The more unfavourable economic outlook, the controversial debate about the government debt ceiling in the USA, and...
Persistent link: https://www.econbiz.de/10009320481
The global economic situation eased in the second quarter of 2009, following the strong contraction in the last six months of 2008. Austria's real GDP also shrank by a mere 0.4 percent quarter-on-quarter (after –2.7 percent in the first quarter). Confidence indicators point towards a further...
Persistent link: https://www.econbiz.de/10008476173
In the third quarter, Austrian GDP increased at a seasonally and working day adjusted rate of 0.9 percent quarter-on-quarter. Global economic conditions improved further: world trade and economic activity in the industrialised countries expanded for the first time in a year. Leading indicators...
Persistent link: https://www.econbiz.de/10008476174
The latest data on the global economic situation, while generally suggesting a continuation of the upswing, are somewhat mixed. Growth in the USA and in South-East Asia remains robust, although it appears to have moderated in the first quarter. Private demand in the euro area continues to be...
Persistent link: https://www.econbiz.de/10008478708
The Austrian economy shrank by 2.8 percent in real terms in the first quarter of 2009 compared with the previous quarter, after a 0.4 percent drop in the fourth quarter of the previous year. Global trade continued to plummet in the first quarter, which strongly affected Austrian exports. As a...
Persistent link: https://www.econbiz.de/10004995228
Monetary and fiscal authorities in many industrial countries use the concept of aggregate potential output as an analytical device to monitor underlying trends or structural developments in key macroeconomic policy variables. Above all, aggregate potential output serves economic policy and...
Persistent link: https://www.econbiz.de/10005031510
Global trade strengthened further in the early months of 2010. On the back of buoyant demand from Asia, a recovery in the USA and a lower euro exchange rate, euro area exports should advance at a healthy pace. With internal demand still sluggish, the cyclical upswing in the euro area will...
Persistent link: https://www.econbiz.de/10008587027
Benefiting from the depreciation of the euro in the first half of the year, euro area exports should keep their upward trend in the remainder of 2010. At the same time, however, economic growth is set to slow down somewhat in the USA and in Asia. In 2011, the cyclical upswing in the euro area...
Persistent link: https://www.econbiz.de/10008763445
The strong momentum in global economic development observed since the autumn of 2010 is likely to moderate somewhat. Buoyant growth in Asia's emerging economies continues to provide a strong impetus, while the indicators for the USA and Europe point to ongoing, albeit slowing expansion in the...
Persistent link: https://www.econbiz.de/10009142643