{"id":149192,"date":"2024-03-21T06:30:16","date_gmt":"2024-03-21T05:30:16","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/149192\/"},"modified":"2024-11-07T02:45:28","modified_gmt":"2024-11-07T01:45:28","slug":"austrias-economy-in-the-wake-of-the-international-recession","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/149192\/","title":{"rendered":"Austria's Economy in the Wake of the International Recession"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-149192","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The slowdown in the world economy has begun to affect the Austrian economy. According to the latest business survey conducted by the WIFO in August the business outlook is again worse than in previous surveys. The level of inventories is now judged too high and the number of firms indicating spare capacity is on the increase. Overall, the business climate corresponds to that of the year 1988; the optimism of the last two years has vanished. This gloomy outlook is confirmed by the data on manufacturing. Output and new orders were slightly lower than in the first quarter of 1991; the leading indicators are also pointing downward. In the present phase of the cycle, only the construction sector and tourism posted high gains. In April and May, the value of construction exceeded last year's level by some 15 percent, but even in this sector the business climate has deteriorated. The summer season in the tourism sector was quite favorable, as many Austrians spent their vacations in Austrian resorts, but the number of overnight stays was well below the previous record. The results in the labour market are mixed. With the labour supply still on the increase, dependent employment continued to expand. At the same time, the number of unemployed rose, though at a reduced rate. Productivity stagnated in the first half of the year. Compensation per employee advanced by about 3\u00bd percent in real terms. Inflation remained relatively stable in recent months, thanks to low import prices. It was only due to the high prices of agricultural seasonal products that inflation exceeded the mark of 3.5 percent in June and August.","onlinedate":"1991-09-01 02:00:00","lang":"German","publication_series":"","publication_date":"19910901","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":307024,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"64","monthly_report_pages":"507-518","monthly_report_pages_sort":"507","issue":"9","journal":"WIFO-Monatsberichte","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44312],"research_groups":[3500],"collaboration":"","persons":[3893],"persons_data":"[{\"personId\":3893,\"personName\":\"Ewald Walterskirchen\",\"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>Walterskirchen, E.<\\\/span> (1991). <span>\u00d6sterreich von internationaler Konjunkturabschw\u00e4chung erfa\u00dft<\\\/span>. <span><em>WIFO-Monatsberichte<\\\/em><\\\/span>, <em>64<\\\/em>(9), 507-518. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/8016\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/8016<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Walterskirchen E<\\\/span>. <span class=\\\"title\\\"><span>\u00d6sterreich von internationaler Konjunkturabschw\u00e4chung erfa\u00dft<\\\/span><\\\/span>. <span>WIFO-Monatsberichte<\\\/span>. 1991 Sept;64(9):507-518.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{d5f9151eaef04997827ccc30f19008e9,<\\\/div><div>  title    = \\\"{\\\\\\\"O}sterreich von internationaler Konjunkturabschw{\\\\\\\"a}chung erfa{\\\\ss}t\\\",<\\\/div><div>  abstract = \\\"Bis zum Fr{\\\\\\\"u}hjahr hob sich die {\\\\\\\"o}sterreichische Wirtschaft \u2013 im Sog der westdeutschen Hochkonjunktur \u2013 erfreulich von der internationalen Flaute ab. W{\\\\\\\"a}hrend andere Staaten (z. B. auch die Schweiz) bereits von der Konjunkturabschw{\\\\\\\"a}chung erfa{\\\\ss}t worden waren, verbuchte {\\\\\\\"O}sterreichs Wirtschaft hohe Wachstumsraten. Jetzt kann sich {\\\\\\\"O}sterreich offenbar nicht mehr ganz von den internationalen Tendenzen abschotten. Die wichtigsten Konjunkturindikatoren deuten auf eine Abschw{\\\\\\\"a}chung, nicht aber auf eine Rezession hin.\\\",<\\\/div><div>  author   = \\\"Ewald Walterskirchen\\\",<\\\/div><div>  year     = \\\"1991\\\",<\\\/div><div>  month    = sep,<\\\/div><div>  language = \\\"Deutsch\\\",<\\\/div><div>  volume   = \\\"64\\\",<\\\/div><div>  pages    = \\\"507--518\\\",<\\\/div><div>  journal  = \\\"WIFO-Monatsberichte\\\",<\\\/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  - \u00d6sterreich von internationaler Konjunkturabschw\u00e4chung erfa\u00dft<\\\/p><p>AU  - Walterskirchen, Ewald<\\\/p><p>PY  - 1991\\\/9<\\\/p><p>Y1  - 1991\\\/9<\\\/p><p>N2  - Bis zum Fr\u00fchjahr hob sich die \u00f6sterreichische Wirtschaft \u2013 im Sog der westdeutschen Hochkonjunktur \u2013 erfreulich von der internationalen Flaute ab. W\u00e4hrend andere Staaten (z. B. auch die Schweiz) bereits von der Konjunkturabschw\u00e4chung erfa\u00dft worden waren, verbuchte \u00d6sterreichs Wirtschaft hohe Wachstumsraten. Jetzt kann sich \u00d6sterreich offenbar nicht mehr ganz von den internationalen Tendenzen abschotten. Die wichtigsten Konjunkturindikatoren deuten auf eine Abschw\u00e4chung, nicht aber auf eine Rezession hin.<\\\/p><p>AB  - Bis zum Fr\u00fchjahr hob sich die \u00f6sterreichische Wirtschaft \u2013 im Sog der westdeutschen Hochkonjunktur \u2013 erfreulich von der internationalen Flaute ab. W\u00e4hrend andere Staaten (z. B. auch die Schweiz) bereits von der Konjunkturabschw\u00e4chung erfa\u00dft worden waren, verbuchte \u00d6sterreichs Wirtschaft hohe Wachstumsraten. Jetzt kann sich \u00d6sterreich offenbar nicht mehr ganz von den internationalen Tendenzen abschotten. Die wichtigsten Konjunkturindikatoren deuten auf eine Abschw\u00e4chung, nicht aber auf eine Rezession hin.<\\\/p><p>M3  - WIFO-Schriftenreihen<\\\/p><p>VL  - 64<\\\/p><p>SP  - 507<\\\/p><p>EP  - 518<\\\/p><p>JO  - WIFO-Monatsberichte<\\\/p><p>JF  - WIFO-Monatsberichte<\\\/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>Austria&#039;s Economy in the Wake of the International Recession - 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\/149192\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Austria&#039;s Economy in the Wake of the International Recession\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/149192\/\" \/>\n<meta property=\"og:site_name\" content=\"WIFO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WIFOat\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-07T01:45:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO-Gebaeude-FotoAlexanderMueller-www.alexandermueller.at-IMG_6326-Bearbeitet-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@WIFOat\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/149192\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/149192\\\/\",\"name\":\"Austria's Economy in the Wake of the International Recession - WIFO\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/#website\"},\"datePublished\":\"2024-03-21T05:30:16+00:00\",\"dateModified\":\"2024-11-07T01:45:28+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/149192\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/149192\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/149192\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Startseite\",\"item\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Austria's Economy in the Wake of the International Recession\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/\",\"name\":\"\u00d6sterreichisches Institut f\u00fcr Wirtschaftsforschung\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/#organization\"},\"alternateName\":\"WIFO\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/#organization\",\"name\":\"\u00d6sterreichisches Institut f\u00fcr Wirtschaftsforschung\",\"alternateName\":\"WIFO\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/WIFO_kurz_rechts-2-1920x412.jpg\",\"contentUrl\":\"https:\\\/\\\/www.wifo.ac.at\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/WIFO_kurz_rechts-2-1920x412.jpg\",\"width\":2000,\"height\":429,\"caption\":\"\u00d6sterreichisches Institut f\u00fcr Wirtschaftsforschung\"},\"image\":{\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/WIFOat\\\/\",\"https:\\\/\\\/x.com\\\/WIFOat\",\"https:\\\/\\\/linkedin.com\\\/company\\\/wifoat\\\/\",\"https:\\\/\\\/www.youtube.com\\\/@WIFO_at\"],\"description\":\"Das WIFO, 1927 von Friedrich August von Hayek und Ludwig von Mises zur Konjunkturanalyse gegr\u00fcndet, ist heute das f\u00fchrende Institut f\u00fcr angewandte empirische Wirtschaftsforschung in \u00d6sterreich mit starkem Engagement auf europ\u00e4ischer Ebene.\",\"email\":\"office@wifo.ac.at\",\"telephone\":\"+43 1 798 26 01 \u2013 0\",\"legalName\":\"\u00d6sterreichisches Institut f\u00fcr Wirtschaftsforschung\",\"foundingDate\":\"1927-01-02\",\"numberOfEmployees\":{\"@type\":\"QuantitativeValue\",\"minValue\":\"51\",\"maxValue\":\"200\"},\"publishingPrinciples\":\"https:\\\/\\\/www.wifo.ac.at\\\/institut\\\/mission-und-strategie\\\/\",\"ownershipFundingInfo\":\"https:\\\/\\\/www.wifo.ac.at\\\/institut\\\/organisation\\\/\",\"actionableFeedbackPolicy\":\"https:\\\/\\\/www.wifo.ac.at\\\/aktuelles\\\/presse\\\/\",\"correctionsPolicy\":\"https:\\\/\\\/www.wifo.ac.at\\\/institut\\\/kontakt\\\/\",\"ethicsPolicy\":\"https:\\\/\\\/www.wifo.ac.at\\\/institut\\\/evidenzbasierung-transparenz-und-unabhaengigkeit\\\/\",\"diversityPolicy\":\"https:\\\/\\\/www.wifo.ac.at\\\/institut\\\/gleichstellung\\\/\",\"diversityStaffingReport\":\"https:\\\/\\\/www.wifo.ac.at\\\/institut\\\/gleichstellung\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Austria's Economy in the Wake of the International Recession - WIFO","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.wifo.ac.at\/en\/publication\/149192\/","og_locale":"en_US","og_type":"article","og_title":"Austria's Economy in the Wake of the International Recession","og_url":"https:\/\/www.wifo.ac.at\/en\/publication\/149192\/","og_site_name":"WIFO","article_publisher":"https:\/\/www.facebook.com\/WIFOat\/","article_modified_time":"2024-11-07T01:45:28+00:00","og_image":[{"width":1920,"height":1280,"url":"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO-Gebaeude-FotoAlexanderMueller-www.alexandermueller.at-IMG_6326-Bearbeitet-1.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_site":"@WIFOat","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.wifo.ac.at\/en\/publication\/149192\/","url":"https:\/\/www.wifo.ac.at\/en\/publication\/149192\/","name":"Austria's Economy in the Wake of the International Recession - WIFO","isPartOf":{"@id":"https:\/\/www.wifo.ac.at\/en\/#website"},"datePublished":"2024-03-21T05:30:16+00:00","dateModified":"2024-11-07T01:45:28+00:00","breadcrumb":{"@id":"https:\/\/www.wifo.ac.at\/en\/publication\/149192\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.wifo.ac.at\/en\/publication\/149192\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.wifo.ac.at\/en\/publication\/149192\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Startseite","item":"https:\/\/www.wifo.ac.at\/en\/"},{"@type":"ListItem","position":2,"name":"Austria's Economy in the Wake of the International Recession"}]},{"@type":"WebSite","@id":"https:\/\/www.wifo.ac.at\/en\/#website","url":"https:\/\/www.wifo.ac.at\/en\/","name":"\u00d6sterreichisches Institut f\u00fcr Wirtschaftsforschung","description":"","publisher":{"@id":"https:\/\/www.wifo.ac.at\/en\/#organization"},"alternateName":"WIFO","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.wifo.ac.at\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.wifo.ac.at\/en\/#organization","name":"\u00d6sterreichisches Institut f\u00fcr Wirtschaftsforschung","alternateName":"WIFO","url":"https:\/\/www.wifo.ac.at\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.wifo.ac.at\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO_kurz_rechts-2-1920x412.jpg","contentUrl":"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO_kurz_rechts-2-1920x412.jpg","width":2000,"height":429,"caption":"\u00d6sterreichisches Institut f\u00fcr Wirtschaftsforschung"},"image":{"@id":"https:\/\/www.wifo.ac.at\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/WIFOat\/","https:\/\/x.com\/WIFOat","https:\/\/linkedin.com\/company\/wifoat\/","https:\/\/www.youtube.com\/@WIFO_at"],"description":"Das WIFO, 1927 von Friedrich August von Hayek und Ludwig von Mises zur Konjunkturanalyse gegr\u00fcndet, ist heute das f\u00fchrende Institut f\u00fcr angewandte empirische Wirtschaftsforschung in \u00d6sterreich mit starkem Engagement auf europ\u00e4ischer Ebene.","email":"office@wifo.ac.at","telephone":"+43 1 798 26 01 \u2013 0","legalName":"\u00d6sterreichisches Institut f\u00fcr Wirtschaftsforschung","foundingDate":"1927-01-02","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"51","maxValue":"200"},"publishingPrinciples":"https:\/\/www.wifo.ac.at\/institut\/mission-und-strategie\/","ownershipFundingInfo":"https:\/\/www.wifo.ac.at\/institut\/organisation\/","actionableFeedbackPolicy":"https:\/\/www.wifo.ac.at\/aktuelles\/presse\/","correctionsPolicy":"https:\/\/www.wifo.ac.at\/institut\/kontakt\/","ethicsPolicy":"https:\/\/www.wifo.ac.at\/institut\/evidenzbasierung-transparenz-und-unabhaengigkeit\/","diversityPolicy":"https:\/\/www.wifo.ac.at\/institut\/gleichstellung\/","diversityStaffingReport":"https:\/\/www.wifo.ac.at\/institut\/gleichstellung\/"}]}},"_links":{"self":[{"href":"https:\/\/www.wifo.ac.at\/en\/wp-json\/wp\/v2\/publication\/149192","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.wifo.ac.at\/en\/wp-json\/wp\/v2\/publication"}],"about":[{"href":"https:\/\/www.wifo.ac.at\/en\/wp-json\/wp\/v2\/types\/publication"}],"version-history":[{"count":1,"href":"https:\/\/www.wifo.ac.at\/en\/wp-json\/wp\/v2\/publication\/149192\/revisions"}],"predecessor-version":[{"id":307016,"href":"https:\/\/www.wifo.ac.at\/en\/wp-json\/wp\/v2\/publication\/149192\/revisions\/307016"}],"acf:post":[{"embeddable":true,"href":"https:\/\/www.wifo.ac.at\/en\/wp-json\/wp\/v2\/person\/3893"},{"embeddable":true,"href":"https:\/\/www.wifo.ac.at\/en\/wp-json\/wp\/v2\/research_group\/3500"},{"embeddable":true,"href":"https:\/\/www.wifo.ac.at\/en\/wp-json\/wp\/v2\/publication_type\/44312"}],"wp:attachment":[{"href":"https:\/\/www.wifo.ac.at\/en\/wp-json\/wp\/v2\/media?parent=149192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}