{"id":116590,"date":"2024-01-22T20:07:06","date_gmt":"2024-01-22T19:07:06","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/116590\/"},"modified":"2026-02-17T16:42:01","modified_gmt":"2026-02-17T15:42:01","slug":"stable-development-of-austrian-economy-despite-persistent-debt-crisis-business-cycle-report-of-may-2012","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/116590\/","title":{"rendered":"Stable Development of Austrian Economy Despite Persistent Debt Crisis. Business Cycle Report of May 2012"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-116590","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The recovery of the global economy continued in spring, but is highly fragile. The central risks on the one hand stem from geopolitical tensions that could trigger another rise in oil prices, and, on the other hand from the sovereign debt crisis in the euro area. In addition, the strict consolidation policy in the euro area contributes considerably to the subdued economic prospects. The outlook for the Austrian economy is more favourable. On the one hand, financial market risks have diminished especially over the last few months. Both the secondary market yields on Austrian government bonds and the interest rates for corporate loans fell yet again in March. On the other hand, employment rose markedly also in April.","onlinedate":"2012-07-03 02:00:00","lang":"English","publication_series":"","publication_date":"20120701","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"Business Cycle Report Austria\"]","jelcodes":"[]","related_publications":"[]","pdf":441739,"zip":null,"link":"https:\/\/www.wifo.ac.at\/wwa\/pubid\/44678","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"17","monthly_report_pages":"122-131","monthly_report_pages_sort":"122","issue":"2","journal":"Austrian Economic Quarterly","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[183747],"research_groups":[3500],"collaboration":"","persons":[3543],"persons_data":"[{\"personId\":3543,\"personName\":\"Christian Glocker\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","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 v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Stable Development of Austrian Economy Despite Persistent Debt Crisis. Business Cycle Report of May 2012 - WIFO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wifo.ac.at\/en\/publication\/116590\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stable Development of Austrian Economy Despite Persistent Debt Crisis. 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