{"id":69511,"date":"2023-12-02T07:27:52","date_gmt":"2023-12-02T06:27:52","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/bericht-zur-wiener-wirtschaft-7\/"},"modified":"2024-04-20T13:50:19","modified_gmt":"2024-04-20T11:50:19","slug":"bericht-zur-wiener-wirtschaft-7","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/69511\/","title":{"rendered":"Economic Report Vienna"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-69511","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"Business Cycle Report Spring 2022","text":"The recovery of the Viennese economy from the COVID-19 crisis was extremely strong in 2021, despite renewed pandemic-related restrictions on business activity in spring and at the end of the year. Structural advantages from the recovery of international services trade and from rebound effects in consumption-oriented tertiary sectors allowed for growth of +5.3 percent in real terms, which meant a growth advantage of 0.9 percentage points over Austria despite negative base effects. As a result, employment in Vienna also expanded at a much faster rate of +3.2 percent than in Austria (+2.5 percent), and the unemployment rate fell by 2.4 percentage points to 12.7 percent. In 2022, the growth path of the Viennese economy is expected to flatten to +3.7 percent (Austria +4.0 percent) due to the consequences of the Russian war of aggression on Ukraine. An employment increase of still +2.0 percent could nevertheless be sufficient to bring Vienna's unemployment rate down to 11.3 percent and thus below the pre-crisis level.","onlinedate":"2022-10-19 12:00:00","lang":"German","publication_series":"","publication_date":"20220601","publication_date_year":"","publication_date_full":false,"publication_num_pages":"100","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":254768,"zip":null,"link":"","monthly_report":false,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"","journal":"","publisher":"","invisible":false,"external":false,"embargo_date":"2022-10-19 00:00:00","types":[81966],"research_groups":[3481],"collaboration":"","persons":[3691,3478,4945,5015,4051,3769,3621,3731,3803,3879],"persons_data":"[{\"personId\":3691,\"personName\":\"Peter Mayerhofer\",\"organisationNames\":[]},{\"personId\":3478,\"personName\":\"Julia 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