WIFO-Monatsberichte (monthly reports)

The WIFO-Monatsberichte (monthly reports) contain research results and publications by WIFO staff on national and international economic developments based on sound economic analyses. Additionally, important key figures on the international and Austrian economic situation are published in the WIFO-Monatsberichte.

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Jesús Crespo Cuaresma (Vienna University of Economics and Business)
Claudia Kemfert (German Institute for Economic Research)
Philipp Schmidt-Dengler (University of Vienna)
Jens Südekum (Heinrich Heine University Düsseldorf)
Andrea Weber (Central European University)

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Christian Glocker
Zügige Konjunkturerholung zeichnet sich ab (Rapid Economic Recovery on the Horizon)
WIFO-Monatsberichte, 2021, 94(6), pp.423-430
Online since: 30.06.2021 0:00
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Aufgrund der umfangreichen behördlichen Maßnahmen sank die österreichische Wirtschaftsleistung im I. Quartal um 1,1% gegenüber dem Vorquartal. Der gesamtwirtschaftliche Wertschöpfungsverlust ist allerdings das Resultat einer sehr heterogenen, teils gegenläufigen Entwicklung der Teilkomponenten. Dies gilt sowohl für die Angebots- als auch für die Nachfrageseite. Vorlaufindikatoren zeichnen ein günstiges Bild der weiteren Konjunkturentwicklung. Auch die schrittweise Rücknahme der Restriktionen gibt Anlass zu einem positiven Ausblick auf das II. Quartal.
JEL-Codes:E32, E66
Keywords:Konjunkturbericht
Research group:Macroeconomics and Public Finance
Language:German
Rapid Economic Recovery on the Horizon
Due to the extensive official measures, Austria's economic output fell by 1.1 percent in the first quarter compared to the previous quarter. However, the overall loss of value added is the result of a highly heterogeneous, partly contrary development of the subcomponents. This applies to both the supply and the demand side. Leading indicators paint a favourable picture of further economic development. The gradual withdrawal of restrictions also gives rise to a positive outlook for the second quarter.
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