English, Article edition: Economy Contracting. Business Cycle Report of August 2008 Markus Marterbauer

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Bookmark: http://trove.nla.gov.au/version/181650
Physical Description
  • article
Language
  • English

Edition details

Title
  • Economy Contracting. Business Cycle Report of August 2008
Author
  • Markus Marterbauer
Physical Description
  • article
Notes
  • In Austria, seasonally and working day adjusted GDP grew only by a mere 0.4 percent in real terms quarter-on-quarter in the second quarter of 2008 (+2 percent in year-on-year terms), according to WIFO's flash estimate. This marks the end of the economic upswing. The reversal of the economic trend first became apparent in export and manufacturing. Private consumption is also dampened by declining real incomes. Tourism and construction, on the other hand, expand steadily. While labour market conditions continue to improve compared with a year earlier, the seasonally adjusted figures already show a flattening of employment growth and an increase in unemployment.
  • Business Cycle Report; Austria
  • RePEc:wfo:wquart:y:2008:i:3:p:117-124
Language
  • English
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