{"id":69347,"date":"2023-12-02T07:25:27","date_gmt":"2023-12-02T06:25:27","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/adverse-supply-shocks-hit-buoyant-economy-economic-outlook-for-2022-and-2023\/"},"modified":"2024-04-20T13:48:14","modified_gmt":"2024-04-20T11:48:14","slug":"adverse-supply-shocks-hit-buoyant-economy-economic-outlook-for-2022-and-2023","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/69347\/","title":{"rendered":"Adverse Supply Shocks Hit Buoyant Economy. Economic Outlook for 2022 and 2023"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-69347","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The Ukraine war leads to renewed significant negative supply shocks that do not allow domestic industry to grow. Inflation remains high for longer and dampens the growth of private consumption. The large catch-up potential in tourism makes it a pillar of growth this year. Overall, more than half of the expected 3.9 percent growth rate for 2022 is due to accommodation and food services. The labour market trend remains favourable.","onlinedate":"2022-04-13 12:00:00","lang":"English","publication_series":"","publication_date":"20220401","publication_date_year":"","publication_date_full":false,"publication_num_pages":"17","keywords":"[\"Business cycle\",\"economic outlook\",\"forecast\"]","jelcodes":"[\"E32\",\"E66\"]","related_publications":"[\"5421cb75-4d59-4cf2-96dc-fb32def990bc\",\"9275a260-7fe7-4c59-846c-4cd264cda406\",\"7bcff3f3-8022-436e-b7bc-2ce7e8028341\",\"ed43082b-0202-4ebb-a186-f5fcf7520187\"]","pdf":254684,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"6","journal":"WIFO Reports on Austria","publisher":"","invisible":false,"external":false,"embargo_date":"2022-04-13 12:00:00","types":[44424],"research_groups":[3500],"collaboration":"","persons":[3865,3567],"persons_data":"[{\"personId\":3865,\"personName\":\"Stefan Schiman\",\"organisationNames\":[]},{\"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>Schiman, S.<\\\/span><span>, &amp; Ederer, S.<\\\/span> (2022). <span>Adverse Supply Shocks Hit Buoyant Economy. Economic Outlook for 2022 and 2023<\\\/span>. <span><em>WIFO Reports on Austria<\\\/em><\\\/span>, (6).<\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Schiman S<\\\/span><span>, Ederer S<\\\/span>. <span class=\\\"title\\\"><span>Adverse Supply Shocks Hit Buoyant Economy. Economic Outlook for 2022 and 2023<\\\/span><\\\/span>. <span>WIFO Reports on Austria<\\\/span>. 2022 Apr;(6).<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{42be926855c7487d95cea3091f3056eb,<\\\/div><div>  title    = \\\"Adverse Supply Shocks Hit Buoyant Economy. Economic Outlook for 2022 and 2023\\\",<\\\/div><div>  abstract = \\\"The Ukraine war leads to renewed significant negative supply shocks that do not allow domestic industry to grow. Inflation remains high for longer and dampens the growth of private consumption. The large catch-up potential in tourism makes it a pillar of growth this year. Overall, more than half of the expected 3.9 percent growth rate for 2022 is due to accommodation and food services. The labour market trend remains favourable.\\\",<\\\/div><div>  keywords = \\\"Business cycle, economic outlook, forecast\\\",<\\\/div><div>  author   = \\\"Stefan Schiman and Stefan Ederer\\\",<\\\/div><div>  note     = \\\"Adverse Supply Shocks Hit Buoyant Economy. Economic Outlook for 2022 and 2023\\\",<\\\/div><div>  year     = \\\"2022\\\",<\\\/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  - Adverse Supply Shocks Hit Buoyant Economy. Economic Outlook for 2022 and 2023<\\\/p><p>AU  - Schiman, Stefan<\\\/p><p>AU  - Ederer, Stefan<\\\/p><p>N1  - Adverse Supply Shocks Hit Buoyant Economy. Economic Outlook for 2022 and 2023<\\\/p><p>PY  - 2022\\\/4<\\\/p><p>Y1  - 2022\\\/4<\\\/p><p>N2  - The Ukraine war leads to renewed significant negative supply shocks that do not allow domestic industry to grow. Inflation remains high for longer and dampens the growth of private consumption. The large catch-up potential in tourism makes it a pillar of growth this year. Overall, more than half of the expected 3.9 percent growth rate for 2022 is due to accommodation and food services. The labour market trend remains favourable.<\\\/p><p>AB  - The Ukraine war leads to renewed significant negative supply shocks that do not allow domestic industry to grow. Inflation remains high for longer and dampens the growth of private consumption. The large catch-up potential in tourism makes it a pillar of growth this year. Overall, more than half of the expected 3.9 percent growth rate for 2022 is due to accommodation and food services. 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