{"id":263248,"date":"2024-01-22T17:27:10","date_gmt":"2024-01-22T16:27:10","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/263248\/"},"modified":"2024-11-07T07:38:49","modified_gmt":"2024-11-07T06:38:49","slug":"international-downturn-weighing-on-domestic-activity-economic-outlook-for-2008-and-2009-3","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/263248\/","title":{"rendered":"International Downturn Weighing On Domestic Activity. Economic Outlook for 2008 and 2009"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-263248","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"Following an increase by 3.1 percent in 2007, economic growth in Austria will moderate to 2 percent this year. While demand and output in the first half of 2008 were clearly more dynamic than in the euro area as a whole, the momentum has slowed steadily since the beginning of the year. Confidence among domestic companies is receding. The cyclical downturn in the USA, high oil prices and exchange rate moves holding back export growth will continue to burden the economy in 2009. Real GDP is expected to advance by a modest 0.9 percent, overshadowing developments also on the labour market where employment growth will level off and the fall in unemployment turn around. The projections rest on the assumption that the adverse effects of the financial market crisis on the real economy will be contained.","onlinedate":"2008-10-07 02:00:00","lang":"English","publication_series":"","publication_date":"20081001","publication_date_year":"","publication_date_full":false,"publication_num_pages":"14","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":412514,"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>International Downturn Weighing On Domestic Activity. Economic Outlook for 2008 and 2009<\\\/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\\\/33899\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/33899<\\\/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>International Downturn Weighing On Domestic Activity. Economic Outlook for 2008 and 2009<\\\/span><\\\/span>. <span>WIFO-Konjunkturprognose<\\\/span>. 2008 Oct.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{ff5d8f6e14fb4f8f841dee0702ce9a3d,<\\\/div><div>  title    = \\\"International Downturn Weighing On Domestic Activity. Economic Outlook for 2008 and 2009\\\",<\\\/div><div>  abstract = \\\"Following an increase by 3.1 percent in 2007, economic growth in Austria will moderate to 2 percent this year. While demand and output in the first half of 2008 were clearly more dynamic than in the euro area as a whole, the momentum has slowed steadily since the beginning of the year. Confidence among domestic companies is receding. The cyclical downturn in the USA, high oil prices and exchange rate moves holding back export growth will continue to burden the economy in 2009. Real GDP is expected to advance by a modest 0.9 percent, overshadowing developments also on the labour market where employment growth will level off and the fall in unemployment turn around. The projections rest on the assumption that the adverse effects of the financial market crisis on the real economy will be contained.\\\",<\\\/div><div>  keywords = \\\"WIFO Economic Outlook Austria\\\",<\\\/div><div>  author   = \\\"Marcus Scheiblecker\\\",<\\\/div><div>  year     = \\\"2008\\\",<\\\/div><div>  month    = oct,<\\\/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  - International Downturn Weighing On Domestic Activity. Economic Outlook for 2008 and 2009<\\\/p><p>AU  - Scheiblecker, Marcus<\\\/p><p>PY  - 2008\\\/10<\\\/p><p>Y1  - 2008\\\/10<\\\/p><p>N2  - Following an increase by 3.1 percent in 2007, economic growth in Austria will moderate to 2 percent this year. While demand and output in the first half of 2008 were clearly more dynamic than in the euro area as a whole, the momentum has slowed steadily since the beginning of the year. Confidence among domestic companies is receding. The cyclical downturn in the USA, high oil prices and exchange rate moves holding back export growth will continue to burden the economy in 2009. Real GDP is expected to advance by a modest 0.9 percent, overshadowing developments also on the labour market where employment growth will level off and the fall in unemployment turn around. The projections rest on the assumption that the adverse effects of the financial market crisis on the real economy will be contained.<\\\/p><p>AB  - Following an increase by 3.1 percent in 2007, economic growth in Austria will moderate to 2 percent this year. While demand and output in the first half of 2008 were clearly more dynamic than in the euro area as a whole, the momentum has slowed steadily since the beginning of the year. Confidence among domestic companies is receding. The cyclical downturn in the USA, high oil prices and exchange rate moves holding back export growth will continue to burden the economy in 2009. Real GDP is expected to advance by a modest 0.9 percent, overshadowing developments also on the labour market where employment growth will level off and the fall in unemployment turn around. The projections rest on the assumption that the adverse effects of the financial market crisis on the real economy will be contained.<\\\/p><p>KW  - WIFO Economic Outlook Austria<\\\/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>International Downturn Weighing On Domestic Activity. 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