{"id":116434,"date":"2024-01-22T20:02:57","date_gmt":"2024-01-22T19:02:57","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/116434\/"},"modified":"2026-02-17T16:40:58","modified_gmt":"2026-02-17T15:40:58","slug":"euro-area-in-temporary-recession-economic-outlook-for-2012-and-2013-2","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/116434\/","title":{"rendered":"Euro Area in Temporary Recession. Economic Outlook for 2012 and 2013"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-116434","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"Demand and output in the euro area receded at the end of 2011. While the \"soft patch\" of the recovery should be overcome by the middle of 2012, the momentum of growth will remain modest due to the drive for fiscal consolidation across Europe. Real GDP in the euro area is likely to edge down by 0.2 percent this year, before rebounding by 1.3 percent in 2013. The highly export-oriented economies of Germany and Austria will benefit to an above-average extent from demand from non-European regions. As a consequence, the Austrian economy is projected to grow by 0.4 percent this year, accelerating to 1.4 percent in 2013. Labour market conditions are likely to weaken throughout the forecast period.","onlinedate":"2012-05-11 02:00:00","lang":"English","publication_series":"","publication_date":"20120501","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":441711,"zip":null,"link":"https:\/\/www.wifo.ac.at\/wwa\/pubid\/44295","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"17","monthly_report_pages":"69-80","monthly_report_pages_sort":"69","issue":"2","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> (2012). <span>Euro Area in Temporary Recession. Economic Outlook for 2012 and 2013<\\\/span>. <span><em>Austrian Economic Quarterly<\\\/em><\\\/span>, <em>17<\\\/em>(2), 69-80. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/44295\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/44295<\\\/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>Euro Area in Temporary Recession. Economic Outlook for 2012 and 2013<\\\/span><\\\/span>. <span>Austrian Economic Quarterly<\\\/span>. 2012 May;17(2):69-80.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{3149565406dc46378450fd136aa3e1c0,<\\\/div><div>  title    = \\\"Euro Area in Temporary Recession. Economic Outlook for 2012 and 2013\\\",<\\\/div><div>  abstract = \\\"Demand and output in the euro area receded at the end of 2011. While the {\\\"}soft patch{\\\"} of the recovery should be overcome by the middle of 2012, the momentum of growth will remain modest due to the drive for fiscal consolidation across Europe. Real GDP in the euro area is likely to edge down by 0.2 percent this year, before rebounding by 1.3 percent in 2013. The highly export-oriented economies of Germany and Austria will benefit to an above-average extent from demand from non-European regions. As a consequence, the Austrian economy is projected to grow by 0.4 percent this year, accelerating to 1.4 percent in 2013. Labour market conditions are likely to weaken throughout the forecast period.\\\",<\\\/div><div>  keywords = \\\"Economic Outlook Austria\\\",<\\\/div><div>  author   = \\\"Marcus Scheiblecker\\\",<\\\/div><div>  note     = \\\"Economic Outlook\\\",<\\\/div><div>  year     = \\\"2012\\\",<\\\/div><div>  month    = may,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  volume   = \\\"17\\\",<\\\/div><div>  pages    = \\\"69--80\\\",<\\\/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  - Euro Area in Temporary Recession. Economic Outlook for 2012 and 2013<\\\/p><p>AU  - Scheiblecker, Marcus<\\\/p><p>N1  - Economic Outlook<\\\/p><p>PY  - 2012\\\/5<\\\/p><p>Y1  - 2012\\\/5<\\\/p><p>N2  - Demand and output in the euro area receded at the end of 2011. While the \\\"soft patch\\\" of the recovery should be overcome by the middle of 2012, the momentum of growth will remain modest due to the drive for fiscal consolidation across Europe. Real GDP in the euro area is likely to edge down by 0.2 percent this year, before rebounding by 1.3 percent in 2013. The highly export-oriented economies of Germany and Austria will benefit to an above-average extent from demand from non-European regions. As a consequence, the Austrian economy is projected to grow by 0.4 percent this year, accelerating to 1.4 percent in 2013. Labour market conditions are likely to weaken throughout the forecast period.<\\\/p><p>AB  - Demand and output in the euro area receded at the end of 2011. While the \\\"soft patch\\\" of the recovery should be overcome by the middle of 2012, the momentum of growth will remain modest due to the drive for fiscal consolidation across Europe. Real GDP in the euro area is likely to edge down by 0.2 percent this year, before rebounding by 1.3 percent in 2013. The highly export-oriented economies of Germany and Austria will benefit to an above-average extent from demand from non-European regions. As a consequence, the Austrian economy is projected to grow by 0.4 percent this year, accelerating to 1.4 percent in 2013. Labour market conditions are likely to weaken throughout the forecast period.<\\\/p><p>KW  - Economic Outlook Austria<\\\/p><p>M3  - WIFO series<\\\/p><p>VL  - 17<\\\/p><p>SP  - 69<\\\/p><p>EP  - 80<\\\/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>Euro Area in Temporary Recession. 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