IDEAS home Printed from https://ideas.repec.org/a/wfo/wquart/y2008i2p65-72.html
   My bibliography  Save this article

First Quarter: Economy Still Robust. Business Cycle Report of May 2008

Author

Listed:
  • Sandra Bilek-Steindl

Abstract

The Austrian economy once again expanded vigorously in the first quarter of 2008. Overall real GDP growth was 0.8 percent quarter-on-quarter, according to WIFO's latest flash estimate. Value added growth in export-oriented industrial production, construction and tourism provided fresh stimulus to the economy. Private consumption remained subdued. For the current quarter, the results of the WIFO business survey suggest a weakening of industrial activity. Accelerated consumer price inflation dampened consumer confidence in March. US GDP growth was almost nil for the second consecutive time in the first quarter, and in Europe, too, leading indicators point to a gradual deceleration in economic activity.

Suggested Citation

  • Sandra Bilek-Steindl, 2008. "First Quarter: Economy Still Robust. Business Cycle Report of May 2008," Austrian Economic Quarterly, WIFO, vol. 13(2), pages 65-72, June.
    • Handle: RePEc:wfo:wquart:y:2008:i:2:p:65-72
    as

    Download full text from publisher

    File URL: https://www.wifo.ac.at/wwa/pubid/32719
    File Function: abstract
    Download Restriction: Payment required
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wfo:wquart:y:2008:i:2:p:65-72. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Florian Mayr (email available below). General contact details of provider: https://edirc.repec.org/data/wifooat.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.