{"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":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Glocker, C.<\\\/span> (2020). <span>Deep, But Short Recession in Austria. Economic Outlook for 2020 and 2021<\\\/span>. <span><em>WIFO Bulletin<\\\/em><\\\/span>, <em>25<\\\/em>(6), 45-58. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/66269\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/66269<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Glocker C<\\\/span>. <span class=\\\"title\\\"><span>Deep, But Short Recession in Austria. Economic Outlook for 2020 and 2021<\\\/span><\\\/span>. <span>WIFO Bulletin<\\\/span>. 2020 Aug;25(6):45-58.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{88f8d1a502ba496f8ae25756dac2f038,<\\\/div><div>  title    = \\\"Deep, But Short Recession in Austria. Economic Outlook for 2020 and 2021\\\",<\\\/div><div>  abstract = \\\"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).\\\",<\\\/div><div>  author   = \\\"Christian Glocker\\\",<\\\/div><div>  note     = \\\"WIFO Economic Outlook June 2020\\\",<\\\/div><div>  year     = \\\"2020\\\",<\\\/div><div>  month    = aug,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  volume   = \\\"25\\\",<\\\/div><div>  pages    = \\\"45--58\\\",<\\\/div><div>  journal  = \\\"WIFO Bulletin\\\",<\\\/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  - Deep, But Short Recession in Austria. Economic Outlook for 2020 and 2021<\\\/p><p>AU  - Glocker, Christian<\\\/p><p>N1  - WIFO Economic Outlook June 2020<\\\/p><p>PY  - 2020\\\/8<\\\/p><p>Y1  - 2020\\\/8<\\\/p><p>N2  - 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).<\\\/p><p>AB  - 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. 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