{"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":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Glocker, C.<\\\/span> (2012). <span>Stable Development of Austrian Economy Despite Persistent Debt Crisis. Business Cycle Report of May 2012<\\\/span>. <span><em>Austrian Economic Quarterly<\\\/em><\\\/span>, <em>17<\\\/em>(2), 122-131. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/44678\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/44678<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Glocker C<\\\/span>. <span class=\\\"title\\\"><span>Stable Development of Austrian Economy Despite Persistent Debt Crisis. Business Cycle Report of May 2012<\\\/span><\\\/span>. <span>Austrian Economic Quarterly<\\\/span>. 2012 Jul;17(2):122-131.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{4dd69ad1503946069858175c9a006936,<\\\/div><div>  title    = \\\"Stable Development of Austrian Economy Despite Persistent Debt Crisis. Business Cycle Report of May 2012\\\",<\\\/div><div>  abstract = \\\"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. 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On the other hand, employment rose markedly also in April.\\\",<\\\/div><div>  keywords = \\\"Business Cycle Report Austria, Business Cycle Report Austria\\\",<\\\/div><div>  author   = \\\"Christian Glocker\\\",<\\\/div><div>  note     = \\\"Business Cycle Report May 2012\\\",<\\\/div><div>  year     = \\\"2012\\\",<\\\/div><div>  month    = jul,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  volume   = \\\"17\\\",<\\\/div><div>  pages    = \\\"122--131\\\",<\\\/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  - Stable Development of Austrian Economy Despite Persistent Debt Crisis. Business Cycle Report of May 2012<\\\/p><p>AU  - Glocker, Christian<\\\/p><p>N1  - Business Cycle Report May 2012<\\\/p><p>PY  - 2012\\\/7<\\\/p><p>Y1  - 2012\\\/7<\\\/p><p>N2  - 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.<\\\/p><p>AB  - The recovery of the global economy continued in spring, but is highly fragile. 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