Lagging Business Cycle Recovery in the Euro Area
WIFO-Monatsberichte, 2004, 77(3), S.171-171
 
The revival of global economic activity is gaining momentum. Next to the USA, the Japanese economy is for the first time showing signs of a sustained recovery with growth in the fourth quarter 2003 even exceeding that of the USA. The upward trend has so far hardly extended to the euro area; indeed, business expectations in German manufacturing have suffered a setback of late. Firms in Austria saw their current situation in February unchanged from the previous month, but were more upbeat on the short-term outlook.
Keywords:Business Cycle Report; Austria
Forschungsbereich:Makroökonomie und öffentliche Finanzen
Sprache:Englisch