{"id":262966,"date":"2024-01-22T17:37:57","date_gmt":"2024-01-22T16:37:57","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/262966\/"},"modified":"2024-11-07T07:35:28","modified_gmt":"2024-11-07T06:35:28","slug":"the-european-economy-in-recession-domestic-policy-action-cushioning-the-downturn-economic-outlook-for-2009-and-2010-3","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/262966\/","title":{"rendered":"The European Economy in Recession \u2013 Domestic Policy Action Cushioning the Downturn. Economic Outlook for 2009 and 2010"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-262966","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"Starting from the USA, the economic downturn has meanwhile reached the entire world economy. The financial crisis is exacerbating the slackening of global business activity. In the euro area, demand and output are set to contract by 1.2 percent in 2009. In Austria, too, real GDP is likely to edge down by 0.5 percent, despite powerful stimulus provided by fiscal policy. The projection for growth picking up by 0.9 percent on annual average 2010 is based on the assumption that activity will gradually recover as from late 2009.","onlinedate":"2009-01-15 01:00:00","lang":"English","publication_series":"","publication_date":"20081201","publication_date_year":"","publication_date_full":false,"publication_num_pages":"14","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":410764,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"","journal":"WIFO-Konjunkturprognose","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44368],"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> (2008). <span>The European Economy in Recession \u2013 Domestic Policy Action Cushioning the Downturn. Economic Outlook for 2009 and 2010<\\\/span>. <span><em>WIFO-Konjunkturprognose<\\\/em><\\\/span>. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/34839\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/34839<\\\/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>The European Economy in Recession \u2013 Domestic Policy Action Cushioning the Downturn. Economic Outlook for 2009 and 2010<\\\/span><\\\/span>. <span>WIFO-Konjunkturprognose<\\\/span>. 2008 Dec.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{d19ae971ea024e4cbc111fee18669007,<\\\/div><div>  title    = \\\"The European Economy in Recession \u2013 Domestic Policy Action Cushioning the Downturn. Economic Outlook for 2009 and 2010\\\",<\\\/div><div>  abstract = \\\"Starting from the USA, the economic downturn has meanwhile reached the entire world economy. The financial crisis is exacerbating the slackening of global business activity. In the euro area, demand and output are set to contract by 1.2 percent in 2009. In Austria, too, real GDP is likely to edge down by 0.5 percent, despite powerful stimulus provided by fiscal policy. The projection for growth picking up by 0.9 percent on annual average 2010 is based on the assumption that activity will gradually recover as from late 2009.\\\",<\\\/div><div>  keywords = \\\"WIFO Economic Outlook\\\",<\\\/div><div>  author   = \\\"Marcus Scheiblecker\\\",<\\\/div><div>  year     = \\\"2008\\\",<\\\/div><div>  month    = dec,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  journal  = \\\"WIFO-Konjunkturprognose\\\",<\\\/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  - The European Economy in Recession \u2013 Domestic Policy Action Cushioning the Downturn. Economic Outlook for 2009 and 2010<\\\/p><p>AU  - Scheiblecker, Marcus<\\\/p><p>PY  - 2008\\\/12<\\\/p><p>Y1  - 2008\\\/12<\\\/p><p>N2  - Starting from the USA, the economic downturn has meanwhile reached the entire world economy. The financial crisis is exacerbating the slackening of global business activity. In the euro area, demand and output are set to contract by 1.2 percent in 2009. In Austria, too, real GDP is likely to edge down by 0.5 percent, despite powerful stimulus provided by fiscal policy. The projection for growth picking up by 0.9 percent on annual average 2010 is based on the assumption that activity will gradually recover as from late 2009.<\\\/p><p>AB  - Starting from the USA, the economic downturn has meanwhile reached the entire world economy. The financial crisis is exacerbating the slackening of global business activity. In the euro area, demand and output are set to contract by 1.2 percent in 2009. In Austria, too, real GDP is likely to edge down by 0.5 percent, despite powerful stimulus provided by fiscal policy. The projection for growth picking up by 0.9 percent on annual average 2010 is based on the assumption that activity will gradually recover as from late 2009.<\\\/p><p>KW  - WIFO Economic Outlook<\\\/p><p>M3  - WIFO series<\\\/p><p>JO  - WIFO-Konjunkturprognose<\\\/p><p>JF  - WIFO-Konjunkturprognose<\\\/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>The European Economy in Recession \u2013 Domestic Policy Action Cushioning the Downturn. Economic Outlook for 2009 and 2010 - 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\/262966\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The European Economy in Recession \u2013 Domestic Policy Action Cushioning the Downturn. 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