{"id":112546,"date":"2024-01-22T17:39:00","date_gmt":"2024-01-22T16:39:00","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/112546\/"},"modified":"2024-11-07T04:05:34","modified_gmt":"2024-11-07T03:05:34","slug":"setback-in-economic-activity-business-cycle-report-of-february-2009","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/112546\/","title":{"rendered":"Setback in Economic Activity. Business Cycle Report of February 2009"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-112546","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"Real GDP contracted at a seasonally and working day adjusted quarterly rate of 0.2 percent in the fourth quarter of 2008. The economic downturn has taken a firm grip of the export-oriented manufacturing sector, with production, capacity utilisation and incoming orders markedly below the levels seen in summer 2008. Neither the course of economic activity of Austria's major trading partners nor the results of WIFO'S January 2009 business survey give reason to hope for an imminent recovery of the domestic industry. Value added growth in the construction sector has weakened only little so far. Private consumption continues to rise slowly, and tourism recorded a strong start of the winter season. Nevertheless, the economic downturn is already clearly visible in important economic policy variables: Unemployment is rising markedly, inflation is slowing noticeably.","onlinedate":"2009-03-09 01:00:00","lang":"English","publication_series":"","publication_date":"20090301","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"Business Cycle Report; Austria\"]","jelcodes":"[]","related_publications":"[]","pdf":333016,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"14","monthly_report_pages":"41-48","monthly_report_pages_sort":"41","issue":"1","journal":"Austrian Economic Quarterly","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[183747],"research_groups":[3500],"collaboration":"","persons":[4043],"persons_data":"[{\"personId\":4043,\"personName\":\"Markus Marterbauer\",\"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>Marterbauer, M.<\\\/span> (2009). <span>Setback in Economic Activity. Business Cycle Report of February 2009<\\\/span>. <span><em>Austrian Economic Quarterly<\\\/em><\\\/span>, <em>14<\\\/em>(1), 41-48. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/35341\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/35341<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Marterbauer M<\\\/span>. <span class=\\\"title\\\"><span>Setback in Economic Activity. Business Cycle Report of February 2009<\\\/span><\\\/span>. <span>Austrian Economic Quarterly<\\\/span>. 2009 Mar;14(1):41-48.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{fd2c3d3f73d548a2a9bae722f1add401,<\\\/div><div>  title    = \\\"Setback in Economic Activity. Business Cycle Report of February 2009\\\",<\\\/div><div>  abstract = \\\"Real GDP contracted at a seasonally and working day adjusted quarterly rate of 0.2 percent in the fourth quarter of 2008. The economic downturn has taken a firm grip of the export-oriented manufacturing sector, with production, capacity utilisation and incoming orders markedly below the levels seen in summer 2008. Neither the course of economic activity of Austria's major trading partners nor the results of WIFO'S January 2009 business survey give reason to hope for an imminent recovery of the domestic industry. Value added growth in the construction sector has weakened only little so far. Private consumption continues to rise slowly, and tourism recorded a strong start of the winter season. Nevertheless, the economic downturn is already clearly visible in important economic policy variables: Unemployment is rising markedly, inflation is slowing noticeably.\\\",<\\\/div><div>  keywords = \\\"Business Cycle Report; Austria, Business Cycle Report; Austria\\\",<\\\/div><div>  author   = \\\"Markus Marterbauer\\\",<\\\/div><div>  note     = \\\"Business Cycle Report February 2009\\\",<\\\/div><div>  year     = \\\"2009\\\",<\\\/div><div>  month    = mar,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  volume   = \\\"14\\\",<\\\/div><div>  pages    = \\\"41--48\\\",<\\\/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  - Setback in Economic Activity. Business Cycle Report of February 2009<\\\/p><p>AU  - Marterbauer, Markus<\\\/p><p>N1  - Business Cycle Report February 2009<\\\/p><p>PY  - 2009\\\/3<\\\/p><p>Y1  - 2009\\\/3<\\\/p><p>N2  - Real GDP contracted at a seasonally and working day adjusted quarterly rate of 0.2 percent in the fourth quarter of 2008. The economic downturn has taken a firm grip of the export-oriented manufacturing sector, with production, capacity utilisation and incoming orders markedly below the levels seen in summer 2008. Neither the course of economic activity of Austria's major trading partners nor the results of WIFO'S January 2009 business survey give reason to hope for an imminent recovery of the domestic industry. Value added growth in the construction sector has weakened only little so far. Private consumption continues to rise slowly, and tourism recorded a strong start of the winter season. Nevertheless, the economic downturn is already clearly visible in important economic policy variables: Unemployment is rising markedly, inflation is slowing noticeably.<\\\/p><p>AB  - Real GDP contracted at a seasonally and working day adjusted quarterly rate of 0.2 percent in the fourth quarter of 2008. The economic downturn has taken a firm grip of the export-oriented manufacturing sector, with production, capacity utilisation and incoming orders markedly below the levels seen in summer 2008. Neither the course of economic activity of Austria's major trading partners nor the results of WIFO'S January 2009 business survey give reason to hope for an imminent recovery of the domestic industry. Value added growth in the construction sector has weakened only little so far. Private consumption continues to rise slowly, and tourism recorded a strong start of the winter season. Nevertheless, the economic downturn is already clearly visible in important economic policy variables: Unemployment is rising markedly, inflation is slowing noticeably.<\\\/p><p>KW  - Business Cycle Report; Austria<\\\/p><p>KW  - Business Cycle Report; Austria<\\\/p><p>M3  - WIFO series<\\\/p><p>VL  - 14<\\\/p><p>SP  - 41<\\\/p><p>EP  - 48<\\\/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 v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Setback in Economic Activity. 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