{"id":112190,"date":"2024-01-22T17:30:53","date_gmt":"2024-01-22T16:30:53","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/112190\/"},"modified":"2024-11-19T10:30:33","modified_gmt":"2024-11-19T09:30:33","slug":"international-downturn-weighing-on-domestic-activity-economic-outlook-for-2008-and-2009-2","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/112190\/","title":{"rendered":"International Downturn Weighing on Domestic Activity. Economic Outlook for 2008 and 2009"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-112190","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"Following an increase by 3.1 percent in 2007, economic growth in Austria will significantly lose momentum this year and next. While demand and output still proved robust in the first half of 2008, GDP for the year as a whole will expand by a more modest 2 percent in volume. In 2009, the annual rate of growth will fall further, below the mark of 1 percent, although a recovery should take hold as from the middle of the year. The global business cycle downturn, high energy prices and unfavourable exchange rate shifts exert a drag on domestic activity. While inflation is gradually receding, the positive trend on the labour market will turn around.","onlinedate":"2008-11-03 01:00:00","lang":"English","publication_series":"","publication_date":"20081101","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":417529,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"13","monthly_report_pages":"134-143","monthly_report_pages_sort":"134","issue":"4","journal":"Austrian Economic Quarterly","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[183747],"research_groups":[3500],"collaboration":"","persons":[3837],"persons_data":"[{\"personId\":3837,\"personName\":\"Marcus Scheiblecker\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Scheiblecker, M.<\\\/span> (2008). <span>International Downturn Weighing on Domestic Activity. Economic Outlook for 2008 and 2009<\\\/span>. <span><em>Austrian Economic Quarterly<\\\/em><\\\/span>, <em>13<\\\/em>(4), 134-143. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/34179\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/34179<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Scheiblecker M<\\\/span>. <span class=\\\"title\\\"><span>International Downturn Weighing on Domestic Activity. Economic Outlook for 2008 and 2009<\\\/span><\\\/span>. <span>Austrian Economic Quarterly<\\\/span>. 2008 Nov;13(4):134-143.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{94d3f1db237e4b4e869a313404741f5d,<\\\/div><div>  title    = \\\"International Downturn Weighing on Domestic Activity. Economic Outlook for 2008 and 2009\\\",<\\\/div><div>  abstract = \\\"Following an increase by 3.1 percent in 2007, economic growth in Austria will significantly lose momentum this year and next. While demand and output still proved robust in the first half of 2008, GDP for the year as a whole will expand by a more modest 2 percent in volume. In 2009, the annual rate of growth will fall further, below the mark of 1 percent, although a recovery should take hold as from the middle of the year. The global business cycle downturn, high energy prices and unfavourable exchange rate shifts exert a drag on domestic activity. While inflation is gradually receding, the positive trend on the labour market will turn around.\\\",<\\\/div><div>  author   = \\\"Marcus Scheiblecker\\\",<\\\/div><div>  note     = \\\"Economic Outlook\\\",<\\\/div><div>  year     = \\\"2008\\\",<\\\/div><div>  month    = nov,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  volume   = \\\"13\\\",<\\\/div><div>  pages    = \\\"134--143\\\",<\\\/div><div>  journal  = \\\"Austrian Economic Quarterly\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - International Downturn Weighing on Domestic Activity. Economic Outlook for 2008 and 2009<\\\/p><p>AU  - Scheiblecker, Marcus<\\\/p><p>N1  - Economic Outlook<\\\/p><p>PY  - 2008\\\/11<\\\/p><p>Y1  - 2008\\\/11<\\\/p><p>N2  - Following an increase by 3.1 percent in 2007, economic growth in Austria will significantly lose momentum this year and next. While demand and output still proved robust in the first half of 2008, GDP for the year as a whole will expand by a more modest 2 percent in volume. In 2009, the annual rate of growth will fall further, below the mark of 1 percent, although a recovery should take hold as from the middle of the year. The global business cycle downturn, high energy prices and unfavourable exchange rate shifts exert a drag on domestic activity. While inflation is gradually receding, the positive trend on the labour market will turn around.<\\\/p><p>AB  - Following an increase by 3.1 percent in 2007, economic growth in Austria will significantly lose momentum this year and next. While demand and output still proved robust in the first half of 2008, GDP for the year as a whole will expand by a more modest 2 percent in volume. In 2009, the annual rate of growth will fall further, below the mark of 1 percent, although a recovery should take hold as from the middle of the year. The global business cycle downturn, high energy prices and unfavourable exchange rate shifts exert a drag on domestic activity. While inflation is gradually receding, the positive trend on the labour market will turn around.<\\\/p><p>M3  - WIFO series<\\\/p><p>VL  - 13<\\\/p><p>SP  - 134<\\\/p><p>EP  - 143<\\\/p><p>JO  - Austrian Economic Quarterly<\\\/p><p>JF  - Austrian Economic Quarterly<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.3 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>International Downturn Weighing on Domestic Activity. 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