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Lagging Business Cycle Recovery in the Euro Area

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  • Marcus Scheiblecker

Abstract

The revival of global economic activity is gaining momentum. Next to the USA, the Japanese economy is for the first time showing signs of a sustained recovery with growth in the fourth quarter 2003 even exceeding that of the USA. The upward trend has so far hardly extended to the euro area; indeed, business expectations in German manufacturing have suffered a setback of late. Firms in Austria saw their current situation in February unchanged from the previous month, but were more upbeat on the short-term outlook.

Suggested Citation

  • Marcus Scheiblecker, 2004. "Lagging Business Cycle Recovery in the Euro Area," WIFO Monatsberichte (monthly reports), WIFO, vol. 77(3), pages 171-171, March.
    • Handle: RePEc:wfo:monber:y:2004:i:3:p:171-171
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    Keywords

    Business Cycle Report; Austria;

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