Heading Into Recession

The Austrian economy barely expanded quarter-on-quarter in the third quarter of 2008 (+0.1 percent), but unlike Germany's is not yet in a recession. However, sharply falling order book levels and business expectations suggest that economic activity will weaken further in the coming months. This assessment is supported by current labour market developments: unemployment rose slightly in November, the number of job vacancies dropped sharply.

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Year of publication:	2008
Authors:	Walterskirchen, Ewald
Published in:	WIFO Monatsberichte (monthly reports). - Österreichisches Institut für Wirtschaftsforschung (WIFO), ISSN 0029-9898. - Vol. 81.2008, 12, p. 899-908
Publisher:	Österreichisches Institut für Wirtschaftsforschung (WIFO)
Subject:	Konjunkturbericht Österreich
Description of contents:	Abstract [wifo.ac.at]

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

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