{"id":55569,"date":"2023-12-01T18:47:15","date_gmt":"2023-12-01T17:47:15","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/second-covid-19-lockdown-dampens-economic-performance-business-cycle-report-of-december-2020\/"},"modified":"2024-11-14T12:48:35","modified_gmt":"2024-11-14T11:48:35","slug":"second-covid-19-lockdown-dampens-economic-performance-business-cycle-report-of-december-2020","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/55569\/","title":{"rendered":"Second COVID-19 Lockdown Dampens Economic Performance. Business Cycle Report of December 2020"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-55569","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"As measures to contain the COVID-19 pandemic were relaxed in the third quarter, the global economy recovered. However, the negative correlation between lockdown intensity and economic growth weakened. Rather, the extent of the previous economic slump proved to be a good indicator of the strength of the rebound. In Austria, the rebound was even more pronounced than expected, with commerce in particular recovering rapidly. Both internationally and in Austria, manufacturing industry was less affected by the second lockdown than by the first. However, business sentiment deteriorated in November, and unemployment increased.","onlinedate":"2021-01-25 12:00:00","lang":"English","publication_series":"","publication_date":"20201201","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"Business cycle\",\"economic outlook\",\"forecast\"]","jelcodes":"[\"E32\",\"E66\"]","related_publications":"[]","pdf":413832,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"25","monthly_report_pages":"123-129","monthly_report_pages_sort":"123","issue":"13","journal":"WIFO Bulletin","publisher":"","invisible":false,"external":false,"embargo_date":"2021-01-25 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>Second COVID-19 Lockdown Dampens Economic Performance. Business Cycle Report of December 2020<\\\/span>. <span><em>WIFO Bulletin<\\\/em><\\\/span>, <em>25<\\\/em>(13), 123-129. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/66827\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/66827<\\\/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>Second COVID-19 Lockdown Dampens Economic Performance. Business Cycle Report of December 2020<\\\/span><\\\/span>. <span>WIFO Bulletin<\\\/span>. 2020 Dec;25(13):123-129.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{f01203bfb7bd44099c802f4daf470acd,<\\\/div><div>  title    = \\\"Second COVID-19 Lockdown Dampens Economic Performance. Business Cycle Report of December 2020\\\",<\\\/div><div>  abstract = \\\"As measures to contain the COVID-19 pandemic were relaxed in the third quarter, the global economy recovered. However, the negative correlation between lockdown intensity and economic growth weakened. Rather, the extent of the previous economic slump proved to be a good indicator of the strength of the rebound. In Austria, the rebound was even more pronounced than expected, with commerce in particular recovering rapidly. Both internationally and in Austria, manufacturing industry was less affected by the second lockdown than by the first. However, business sentiment deteriorated in November, and unemployment increased.\\\",<\\\/div><div>  keywords = \\\"Business cycle, economic outlook, forecast, Business cycle, economic outlook, forecast\\\",<\\\/div><div>  author   = \\\"Stefan Schiman\\\",<\\\/div><div>  note     = \\\"Business Cycle Report of December 2020\\\",<\\\/div><div>  year     = \\\"2020\\\",<\\\/div><div>  month    = dec,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  volume   = \\\"25\\\",<\\\/div><div>  pages    = \\\"123--129\\\",<\\\/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  - Second COVID-19 Lockdown Dampens Economic Performance. Business Cycle Report of December 2020<\\\/p><p>AU  - Schiman, Stefan<\\\/p><p>N1  - Business Cycle Report of December 2020<\\\/p><p>PY  - 2020\\\/12<\\\/p><p>Y1  - 2020\\\/12<\\\/p><p>N2  - As measures to contain the COVID-19 pandemic were relaxed in the third quarter, the global economy recovered. However, the negative correlation between lockdown intensity and economic growth weakened. Rather, the extent of the previous economic slump proved to be a good indicator of the strength of the rebound. In Austria, the rebound was even more pronounced than expected, with commerce in particular recovering rapidly. Both internationally and in Austria, manufacturing industry was less affected by the second lockdown than by the first. However, business sentiment deteriorated in November, and unemployment increased.<\\\/p><p>AB  - As measures to contain the COVID-19 pandemic were relaxed in the third quarter, the global economy recovered. However, the negative correlation between lockdown intensity and economic growth weakened. Rather, the extent of the previous economic slump proved to be a good indicator of the strength of the rebound. In Austria, the rebound was even more pronounced than expected, with commerce in particular recovering rapidly. Both internationally and in Austria, manufacturing industry was less affected by the second lockdown than by the first. 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