In the EU, all components of demand were impacted by the economic downturn in the second quarter; in the UK, France and Italy,
private consumption was affected to an above-average extent. In Austria, economic output in the second quarter was one eighth
down compared to the previous year's level, the decline thus being less pronounced than the EU average. Tourism suffered less
than in Italy or Spain; the development of overnight stays by German and domestic visitors cushioned the drop in demand in
July. Only a good third of the unemployment caused by the crisis has so far been recuperated. As a result, long-term unemployment
has continued to rise recently.
