After a rather sluggish growth at the beginning of the year, economic activity in the USA gained considerably momentum in
the second quarter. In the EU, following a weak start, economic growth stabilised in the second quarter, although it slowed
again in the euro area. The economy in Austria continues to expand strongly. Despite growth slowing down in comparison to
previous quarters, GDP continues to expand faster than in the average of euro area countries. Unemployment dropped again in
July.
Keywords:Business Cycle Report
Forschungsbereich:Makroökonomie und öffentliche Finanzen