{"id":54973,"date":"2023-12-01T18:30:52","date_gmt":"2023-12-01T17:30:52","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/deep-but-short-recession-in-austria-economic-outlook-for-2020-and-2021\/"},"modified":"2024-11-07T06:19:35","modified_gmt":"2024-11-07T05:19:35","slug":"deep-but-short-recession-in-austria-economic-outlook-for-2020-and-2021","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/54973\/","title":{"rendered":"Deep, But Short Recession in Austria. Economic Outlook for 2020 and 2021"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-54973","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The measures adopted to contain the COVID-19 pandemic give rise to a recession in Austria. With a slump by 7.0 percent year-on-year, demand and output will contract even more sharply in 2020 than during the economic and financial market crisis of 2008-09. Since the trough now appears to have been passed, the recession promises to be short. Nevertheless, GDP will still not be back to its pre-crisis level by the end of the projection horizon (end of 2021).","onlinedate":"2020-08-11 12:00:00","lang":"English","publication_series":"","publication_date":"20200801","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":383909,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"25","monthly_report_pages":"45-58","monthly_report_pages_sort":"45","issue":"6","journal":"WIFO Bulletin","publisher":"","invisible":false,"external":false,"embargo_date":"2020-08-11 12:00:00","types":[50590],"research_groups":[3500],"collaboration":"","persons":[3543],"persons_data":"[{\"personId\":3543,\"personName\":\"Christian Glocker\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","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 v26.5 (Yoast SEO v26.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Deep, But Short Recession in Austria. 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