WIFO-Monatsberichte (monthly reports)

Monthly analysis of current economic developments in Austria and the major OECD countries – Quarterly economic forecast – Some 70 articles per year with background information (tables and diagrams) and a short English abstract – Supplemented each month by a full set of tables listing approximately 300 macroeconomic indicators

Online full-text issues available since 1927 (free access for WIFO sponsors and members) – One-year subscription € 270, single issue € 27.50, download of individual articles € 16

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Erholung der Wirtschaft zeichnet sich ab – hohe Konjunkturrisiken aufgrund steigender COVID-19-Infektionszahlen (Economic Recovery is on the Horizon – High Economic Risks Due to Rising COVID-19 Infections)
WIFO-Monatsberichte, 2020, 93(8), pp.577-584
Online since: 24.08.2020 0:00
 
In Österreich sank die Wirtschaftsleistung im 1. Halbjahr 2020 wegen der zur Eindämmung der COVID-19-Pandemie getroffenen Maßnahmen. Einem Rückgang von 2,4% gegenüber der Vorperiode im I. Quartal folgte ein Einbruch um 10,7% im II. Quartal (saisonbereinigt laut Eurostat-Vorgabe). Wenngleich die Unternehmen die aktuelle Lage in Umfragen weiterhin ungünstig einschätzen, haben sich insbesondere die Erwartungsindikatoren verbessert. Die Konjunkturrisiken sind aufgrund des neuerlichen Anstieges der Infektionszahlen zuletzt wieder stärker abwärts gerichtet.
JEL-Codes:E32, E66
Keywords:Konjunkturbericht, Konjunkturprognose
Research group:Macroeconomics and European Economic Policy
Language:German

Economic Recovery is on the Horizon – High Economic Risks Due to Rising COVID-19 Infections
In Austria, economic output fell in the first half of 2020 due to the measures taken to contain the COVID-19 pandemic. A decline of 2.4 percent compared to the previous period in the first quarter was followed by a contraction of 10.7 percent in the second quarter (seasonally adjusted according to Eurostat standard). Although companies continue to assess the current situation unfavourably in surveys, expectation indicators in particular have improved. Economic risks have recently been pointing more strongly downwards again due to the recent increase in the number of infections.

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