{"id":263285,"date":"2024-01-22T19:59:41","date_gmt":"2024-01-22T18:59:41","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/263285\/"},"modified":"2024-11-07T07:39:12","modified_gmt":"2024-11-07T06:39:12","slug":"euro-area-in-temporary-recession-economic-outlook-for-2012-and-2013-3","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/263285\/","title":{"rendered":"Euro Area in Temporary Recession. Economic Outlook for 2012 and 2013"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-263285","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The euro area economy is currently in recession. By the middle of the year, however, economic activity is expected to head up again, even if the recovery promises to be subdued given the fiscal restraint in many countries. While the export-oriented sector in Germany and Austria continues to receive stimulus from economies outside Europe, it will nevertheless be affected by sluggish euro area growth. Real GDP in Austria is likely to edge up by 0.4 percent in 2012. Growth in 2013 should strengthen to 1.4 percent, driven by foreign demand, but dampened by fiscal consolidation. The rise in oil prices will prevent a speedy decline in inflation.","onlinedate":"2012-04-05 02:00:00","lang":"English","publication_series":"","publication_date":"20120301","publication_date_year":"","publication_date_full":false,"publication_num_pages":"14","keywords":"[\"WIFO Economic Outlook\"]","jelcodes":"[]","related_publications":"[]","pdf":412757,"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> (2012). <span>Euro Area in Temporary Recession. Economic Outlook for 2012 and 2013<\\\/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\\\/44013\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/44013<\\\/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>Euro Area in Temporary Recession. Economic Outlook for 2012 and 2013<\\\/span><\\\/span>. <span>WIFO-Konjunkturprognose<\\\/span>. 2012 Mar.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{9b9185d3601e43dfb66d1be35ae26f8c,<\\\/div><div>  title    = \\\"Euro Area in Temporary Recession. Economic Outlook for 2012 and 2013\\\",<\\\/div><div>  abstract = \\\"The euro area economy is currently in recession. By the middle of the year, however, economic activity is expected to head up again, even if the recovery promises to be subdued given the fiscal restraint in many countries. While the export-oriented sector in Germany and Austria continues to receive stimulus from economies outside Europe, it will nevertheless be affected by sluggish euro area growth. Real GDP in Austria is likely to edge up by 0.4 percent in 2012. Growth in 2013 should strengthen to 1.4 percent, driven by foreign demand, but dampened by fiscal consolidation. The rise in oil prices will prevent a speedy decline in inflation.\\\",<\\\/div><div>  keywords = \\\"WIFO Economic Outlook, WIFO Economic Outlook\\\",<\\\/div><div>  author   = \\\"Marcus Scheiblecker\\\",<\\\/div><div>  year     = \\\"2012\\\",<\\\/div><div>  month    = mar,<\\\/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  - Euro Area in Temporary Recession. Economic Outlook for 2012 and 2013<\\\/p><p>AU  - Scheiblecker, Marcus<\\\/p><p>PY  - 2012\\\/3<\\\/p><p>Y1  - 2012\\\/3<\\\/p><p>N2  - The euro area economy is currently in recession. By the middle of the year, however, economic activity is expected to head up again, even if the recovery promises to be subdued given the fiscal restraint in many countries. While the export-oriented sector in Germany and Austria continues to receive stimulus from economies outside Europe, it will nevertheless be affected by sluggish euro area growth. Real GDP in Austria is likely to edge up by 0.4 percent in 2012. Growth in 2013 should strengthen to 1.4 percent, driven by foreign demand, but dampened by fiscal consolidation. The rise in oil prices will prevent a speedy decline in inflation.<\\\/p><p>AB  - The euro area economy is currently in recession. By the middle of the year, however, economic activity is expected to head up again, even if the recovery promises to be subdued given the fiscal restraint in many countries. While the export-oriented sector in Germany and Austria continues to receive stimulus from economies outside Europe, it will nevertheless be affected by sluggish euro area growth. Real GDP in Austria is likely to edge up by 0.4 percent in 2012. Growth in 2013 should strengthen to 1.4 percent, driven by foreign demand, but dampened by fiscal consolidation. The rise in oil prices will prevent a speedy decline in inflation.<\\\/p><p>KW  - WIFO Economic Outlook<\\\/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>Euro Area in Temporary Recession. 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