{"id":55217,"date":"2023-12-01T18:42:56","date_gmt":"2023-12-01T17:42:56","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/sluggish-economic-recovery-unemployment-threatens-to-solidify-business-cycle-report-of-september-2020\/"},"modified":"2024-11-07T06:21:37","modified_gmt":"2024-11-07T05:21:37","slug":"sluggish-economic-recovery-unemployment-threatens-to-solidify-business-cycle-report-of-september-2020","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/55217\/","title":{"rendered":"Sluggish Economic Recovery: Unemployment Threatens to Solidify. Business Cycle Report of September 2020"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-55217","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"In the EU, all components of demand were impacted by the economic downturn in the second quarter; in the UK, France and Italy, private consumption was affected to an above-average extent. In Austria, economic output in the second quarter was one eighth down compared to the previous year's level, the decline thus being less pronounced than the EU average. Tourism suffered less than in Italy or Spain; the development of overnight stays by German and domestic visitors cushioned the drop in demand in July. Only a good third of the unemployment caused by the crisis has so far been recuperated. As a result, long-term unemployment has continued to rise recently.","onlinedate":"2020-10-21 12:00:00","lang":"English","publication_series":"","publication_date":"20201001","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":384823,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"25","monthly_report_pages":"67-74","monthly_report_pages_sort":"67","issue":"8","journal":"WIFO Bulletin","publisher":"","invisible":false,"external":false,"embargo_date":"2020-10-21 12:00:00","types":[50590],"research_groups":[3500],"collaboration":"","persons":[3865],"persons_data":"[{\"personId\":3865,\"personName\":\"Stefan Schiman\",\"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>Schiman, S.<\\\/span> (2020). <span>Sluggish Economic Recovery: Unemployment Threatens to Solidify. Business Cycle Report of September 2020<\\\/span>. <span><em>WIFO Bulletin<\\\/em><\\\/span>, <em>25<\\\/em>(8), 67-74. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/66524\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/66524<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Schiman S<\\\/span>. <span class=\\\"title\\\"><span>Sluggish Economic Recovery: Unemployment Threatens to Solidify. Business Cycle Report of September 2020<\\\/span><\\\/span>. <span>WIFO Bulletin<\\\/span>. 2020 Oct;25(8):67-74.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{abbcc3a144bb428fb7f69c26272db0c8,<\\\/div><div>  title    = \\\"Sluggish Economic Recovery: Unemployment Threatens to Solidify. Business Cycle Report of September 2020\\\",<\\\/div><div>  abstract = \\\"In the EU, all components of demand were impacted by the economic downturn in the second quarter; in the UK, France and Italy, private consumption was affected to an above-average extent. In Austria, economic output in the second quarter was one eighth down compared to the previous year's level, the decline thus being less pronounced than the EU average. Tourism suffered less than in Italy or Spain; the development of overnight stays by German and domestic visitors cushioned the drop in demand in July. Only a good third of the unemployment caused by the crisis has so far been recuperated. As a result, long-term unemployment has continued to rise recently.\\\",<\\\/div><div>  keywords = \\\"Business Cycle, Economic Outlook, Forecast\\\",<\\\/div><div>  author   = \\\"Stefan Schiman\\\",<\\\/div><div>  note     = \\\"Business Cycle Report of September 2020\\\",<\\\/div><div>  year     = \\\"2020\\\",<\\\/div><div>  month    = oct,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  volume   = \\\"25\\\",<\\\/div><div>  pages    = \\\"67--74\\\",<\\\/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  - Sluggish Economic Recovery: Unemployment Threatens to Solidify. Business Cycle Report of September 2020<\\\/p><p>AU  - Schiman, Stefan<\\\/p><p>N1  - Business Cycle Report of September 2020<\\\/p><p>PY  - 2020\\\/10<\\\/p><p>Y1  - 2020\\\/10<\\\/p><p>N2  - In the EU, all components of demand were impacted by the economic downturn in the second quarter; in the UK, France and Italy, private consumption was affected to an above-average extent. In Austria, economic output in the second quarter was one eighth down compared to the previous year's level, the decline thus being less pronounced than the EU average. Tourism suffered less than in Italy or Spain; the development of overnight stays by German and domestic visitors cushioned the drop in demand in July. Only a good third of the unemployment caused by the crisis has so far been recuperated. As a result, long-term unemployment has continued to rise recently.<\\\/p><p>AB  - In the EU, all components of demand were impacted by the economic downturn in the second quarter; in the UK, France and Italy, private consumption was affected to an above-average extent. In Austria, economic output in the second quarter was one eighth down compared to the previous year's level, the decline thus being less pronounced than the EU average. Tourism suffered less than in Italy or Spain; the development of overnight stays by German and domestic visitors cushioned the drop in demand in July. Only a good third of the unemployment caused by the crisis has so far been recuperated. 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