{"id":49599,"date":"2023-11-20T15:52:41","date_gmt":"2023-11-20T14:52:41","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/purchasing-power-increases-after-mild-recession-2\/"},"modified":"2024-04-26T10:14:19","modified_gmt":"2024-04-26T08:14:19","slug":"purchasing-power-increases-after-mild-recession-2","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/49599\/","title":{"rendered":"Purchasing Power Increases After Mild Recession"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-49599","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"Economic Outlook for 2023 and 2024","text":"Subdued purchasing power, high energy prices and sharp interest rate increases lead to a mild recession in Austria in 2023; real GDP is expected to contract by 0.8 percent. In 2024, strong real income growth and a pick-up in world trade will ensure an economic recovery (real GDP +1.2 percent). In construction, however, the recession will intensify.","onlinedate":"2023-11-13 00:00:00","lang":"English","publication_series":"","publication_date":"20231031","publication_date_year":"","publication_date_full":true,"publication_num_pages":"14","keywords":"[\"Business cycle\",\"economic outlook\",\"forecast\"]","jelcodes":"[\"E32\",\"E66\"]","related_publications":"[\"df334c50-1b1b-4d42-a61c-89400f8e98d2\",\"bd570876-b740-40ec-9d9b-2be48ca5a648\",\"2949afdf-7744-46b7-90bb-b6603bfcdc96\",\"45592779-ce99-447c-96ee-29c8e5d6adb6\"]","pdf":263440,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"16","journal":"WIFO Reports on Austria","publisher":"","invisible":false,"external":false,"embargo_date":"2023-11-13 00:00:00","types":[44424],"research_groups":[3500],"collaboration":"","persons":[3865,3567],"persons_data":"[{\"personId\":3865,\"personName\":\"Stefan Schiman-Vukan\",\"organisationNames\":[]},{\"personId\":3567,\"personName\":\"Stefan Ederer\",\"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\":\"
Schiman-Vukan, S.<\\\/span>, & Ederer, S.<\\\/span> (2023). Purchasing Power Increases After Mild Recession: Economic Outlook for 2023 and 2024<\\\/span>. WIFO Reports on Austria<\\\/em><\\\/span>, (16).<\\\/div>\",\"vancouver\":\"
Schiman-Vukan S<\\\/span>, Ederer S<\\\/span>. Purchasing Power Increases After Mild Recession: Economic Outlook for 2023 and 2024<\\\/span><\\\/span><\\\/span>. WIFO Reports on Austria<\\\/span>. 2023 Oct 31;(16).<\\\/div>\",\"bibtex\":\"
@misc{3f64e008f02341ea9eb7898dad267ca2,<\\\/div>
title = \\\"Purchasing Power Increases After Mild Recession: Economic Outlook for 2023 and 2024\\\",<\\\/div>
abstract = \\\"Subdued purchasing power, high energy prices and sharp interest rate increases lead to a mild recession in Austria in 2023; real GDP is expected to contract by 0.8 percent. In 2024, strong real income growth and a pick-up in world trade will ensure an economic recovery (real GDP +1.2 percent). In construction, however, the recession will intensify.\\\",<\\\/div>
keywords = \\\"Business cycle, economic outlook, forecast\\\",<\\\/div>
author = \\\"Stefan Schiman-Vukan and Stefan Ederer\\\",<\\\/div>
note = \\\"Purchasing Power Increases After Mild Recession. Economic Outlook for 2023 and 2024\\\",<\\\/div>
year = \\\"2023\\\",<\\\/div>
month = oct,<\\\/div>
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T2 - Economic Outlook for 2023 and 2024<\\\/p>

AU - Schiman-Vukan, Stefan<\\\/p>

AU - Ederer, Stefan<\\\/p>

N1 - Purchasing Power Increases After Mild Recession. Economic Outlook for 2023 and 2024<\\\/p>

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N2 - Subdued purchasing power, high energy prices and sharp interest rate increases lead to a mild recession in Austria in 2023; real GDP is expected to contract by 0.8 percent. In 2024, strong real income growth and a pick-up in world trade will ensure an economic recovery (real GDP +1.2 percent). In construction, however, the recession will intensify.<\\\/p>

AB - Subdued purchasing power, high energy prices and sharp interest rate increases lead to a mild recession in Austria in 2023; real GDP is expected to contract by 0.8 percent. In 2024, strong real income growth and a pick-up in world trade will ensure an economic recovery (real GDP +1.2 percent). In construction, however, the recession will intensify.<\\\/p>

KW - Business cycle<\\\/p>

KW - economic outlook<\\\/p>

KW - forecast<\\\/p>

M3 - WIFO series<\\\/p>

JO - WIFO Reports on Austria<\\\/p>

JF - WIFO Reports on Austria<\\\/p>

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