{"id":56151,"date":"2023-12-01T18:55:56","date_gmt":"2023-12-01T17:55:56","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/delayed-recovery-in-case-of-renewed-lockdown-economic-outlook-for-2021-and-2022\/"},"modified":"2024-04-20T07:05:58","modified_gmt":"2024-04-20T05:05:58","slug":"delayed-recovery-in-case-of-renewed-lockdown-economic-outlook-for-2021-and-2022","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/56151\/","title":{"rendered":"Delayed Recovery in Case of Renewed Lockdown. Economic Outlook for 2021 and 2022"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-56151","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"Economic activity is currently heavily dependent on the measures taken to contain the COVID-19 pandemic. To frame the range of future economic development, this forecast outlines two scenarios: in the opening scenario, the restrictions are completely lifted in the course of spring. The lockdown scenario, on the other hand, assumes a renewed closure of retail and personal services in April 2021. In the first scenario, economic activity picks up already in spring, with GDP expected to grow by 2.3 percent in 2021 and 4.3 percent in 2022. In the lockdown scenario, the recovery is delayed, with growth of 1.5 percent in 2021 and 4.7 percent in 2022. Private consumption and travel are still weaker in 2022 than before the COVID-19 pandemic. In the labour market, the crisis will remain visible for some time.","onlinedate":"2021-04-30 12:00:00","lang":"English","publication_series":"","publication_date":"20210401","publication_date_year":"","publication_date_full":false,"publication_num_pages":"14","keywords":"[\"Business cycle\",\"economic outlook\",\"forecast\"]","jelcodes":"[\"E32\",\"E66\"]","related_publications":"[]","pdf":247439,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"5","journal":"WIFO Reports on Austria","publisher":"","invisible":false,"external":false,"embargo_date":"2021-04-30 12:00:00","types":[44424],"research_groups":[3500],"collaboration":"","persons":[3567],"persons_data":"[{\"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\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Ederer, S.<\\\/span> (2021). <span>Delayed Recovery in Case of Renewed Lockdown. Economic Outlook for 2021 and 2022<\\\/span>. <span><em>WIFO Reports on Austria<\\\/em><\\\/span>, (5). <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/67114\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/67114<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Ederer S<\\\/span>. <span class=\\\"title\\\"><span>Delayed Recovery in Case of Renewed Lockdown. Economic Outlook for 2021 and 2022<\\\/span><\\\/span>. <span>WIFO Reports on Austria<\\\/span>. 2021 Apr;(5).<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{b3da6d22831a4a78849ab11823158f4a,<\\\/div><div>  title    = \\\"Delayed Recovery in Case of Renewed Lockdown. Economic Outlook for 2021 and 2022\\\",<\\\/div><div>  abstract = \\\"Economic activity is currently heavily dependent on the measures taken to contain the COVID-19 pandemic. To frame the range of future economic development, this forecast outlines two scenarios: in the opening scenario, the restrictions are completely lifted in the course of spring. The lockdown scenario, on the other hand, assumes a renewed closure of retail and personal services in April 2021. In the first scenario, economic activity picks up already in spring, with GDP expected to grow by 2.3 percent in 2021 and 4.3 percent in 2022. In the lockdown scenario, the recovery is delayed, with growth of 1.5 percent in 2021 and 4.7 percent in 2022. Private consumption and travel are still weaker in 2022 than before the COVID-19 pandemic. In the labour market, the crisis will remain visible for some time.\\\",<\\\/div><div>  keywords = \\\"Business cycle, economic outlook, forecast, Business cycle, economic outlook, forecast\\\",<\\\/div><div>  author   = \\\"Stefan Ederer\\\",<\\\/div><div>  note     = \\\"Delayed Recovery in Case of Renewed Lockdown. Economic Outlook for 2021 and 2022\\\",<\\\/div><div>  year     = \\\"2021\\\",<\\\/div><div>  month    = apr,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  journal  = \\\"WIFO Reports on Austria\\\",<\\\/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  - Delayed Recovery in Case of Renewed Lockdown. Economic Outlook for 2021 and 2022<\\\/p><p>AU  - Ederer, Stefan<\\\/p><p>N1  - Delayed Recovery in Case of Renewed Lockdown. Economic Outlook for 2021 and 2022<\\\/p><p>PY  - 2021\\\/4<\\\/p><p>Y1  - 2021\\\/4<\\\/p><p>N2  - Economic activity is currently heavily dependent on the measures taken to contain the COVID-19 pandemic. To frame the range of future economic development, this forecast outlines two scenarios: in the opening scenario, the restrictions are completely lifted in the course of spring. The lockdown scenario, on the other hand, assumes a renewed closure of retail and personal services in April 2021. In the first scenario, economic activity picks up already in spring, with GDP expected to grow by 2.3 percent in 2021 and 4.3 percent in 2022. In the lockdown scenario, the recovery is delayed, with growth of 1.5 percent in 2021 and 4.7 percent in 2022. Private consumption and travel are still weaker in 2022 than before the COVID-19 pandemic. In the labour market, the crisis will remain visible for some time.<\\\/p><p>AB  - Economic activity is currently heavily dependent on the measures taken to contain the COVID-19 pandemic. To frame the range of future economic development, this forecast outlines two scenarios: in the opening scenario, the restrictions are completely lifted in the course of spring. The lockdown scenario, on the other hand, assumes a renewed closure of retail and personal services in April 2021. In the first scenario, economic activity picks up already in spring, with GDP expected to grow by 2.3 percent in 2021 and 4.3 percent in 2022. In the lockdown scenario, the recovery is delayed, with growth of 1.5 percent in 2021 and 4.7 percent in 2022. Private consumption and travel are still weaker in 2022 than before the COVID-19 pandemic. In the labour market, the crisis will remain visible for some time.<\\\/p><p>KW  - Business cycle<\\\/p><p>KW  - economic outlook<\\\/p><p>KW  - forecast<\\\/p><p>KW  - Business cycle<\\\/p><p>KW  - economic outlook<\\\/p><p>KW  - forecast<\\\/p><p>M3  - WIFO series<\\\/p><p>JO  - WIFO Reports on Austria<\\\/p><p>JF  - WIFO Reports on Austria<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","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 v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Delayed Recovery in Case of Renewed Lockdown. 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