Die Weltkonjunktur schwächt sich weiter ab. Die Wirtschaft des Euro-Raumes wird durch die Krise belastet. Auch in den asiatischen
Schwellenländern ist eine Eintrübung zu beobachten. Diese Entwicklungen dämpfen die Konjunktur in Österreich. In der Sachgütererzeugung
verlangsamt sich die Expansion. Bauwirtschaft und Dienstleistungssektor entwickeln sich aber bisher noch robust. Die Situation
auf dem Arbeitsmarkt verschlechtert sich. Die Inflation bleibt hingegen niedrig.
Keywords:Konjunkturbericht Österreich
Forschungsbereich:Makroökonomie und öffentliche Finanzen
Sprache:Deutsch
Crisis of European Monetary Union Weakens Austrian Economy
The global economic environment continues to weaken. The crisis exerts major strain particularly on the economies in the euro
area. The slowdown is also noticeable in Asia's emerging markets. These developments dampen economic activity in Austria.
Growth in the manufacturing industry is slowing. But the construction and services sectors are still performing strongly.
The situation in the labour market is deteriorating as a result of this development. Inflation remains low, though.
Following a slowdown in economic activity in 2012, economic growth is expected to accelerate again in the industrialised countries,
reaching an average annual rate of 2.0 percent between 2011 and 2016. In the USA, GDP will grow at a brisker pace (+2.1 percent)
than in the EU 27 (+1.7 percent) and Japan (+1.6 percent per year), respectively. As many euro countries will only slowly
overcome the financial market crisis, economic growth in the euro area will be a mere 1.4 percent per year. In the new EU
countries, output will expand at more than twice this pace (+3.2 percent per year). China and India will continue to record
the highest growth (+8.6 percent and +8.4 percent per year, respectively). In the other developing countries and emerging
market economies, GDP is expected to grow by around 4.5 percent per year until 2016.
