WIFO-Monatsberichte (monthly reports)

The WIFO-Monatsberichte (monthly reports) contain research results and publications by WIFO staff on national and international economic developments based on sound economic analyses. Additionally, important key figures on the international and Austrian economic situation are published in the WIFO-Monatsberichte.

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Jesús Crespo Cuaresma (Vienna University of Economics and Business)
Claudia Kemfert (German Institute for Economic Research)
Philipp Schmidt-Dengler (University of Vienna)
Jens Südekum (Heinrich Heine University Düsseldorf)
Andrea Weber (Central European University)

Online full-text issues available since 1927 – One-year subscription € 270, single issue € 27.50

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Wirtschaftsaktivität in Österreich bleibt stark beeinträchtigt (Economic Activity in Austria Remains Strongly Impaired)
WIFO-Monatsberichte, 2021, 94(3), pp.183-190
Online since: 31.03.2021 0:00
 
Die heimische Wirtschaftsleistung schrumpfte im IV. Quartal 2020 und erholte sich auch in den ersten Wochen 2021 kaum. Privater Konsum und Exporte sind weiterhin deutlich schwächer als vor dem Ausbruch der COVID-19-Pandemie. Im Dienstleistungsbereich und in der Konsumgütererzeugung bleibt die Stimmung zu Jahresbeginn skeptisch, wogegen der Investitionsgüterbereich vom Aufschwung der Weltwirtschaft profitiert. Die Inflation sank zuletzt und die Arbeitslosigkeit ist weiterhin hoch.
Research group:Macroeconomics and Public Finance
Language:German

Economic Activity in Austria Remains Strongly Impaired
Domestic economic output contracted in the fourth quarter of 2020 and barely recovered in the first weeks of 2021. Private consumption and exports remain significantly weaker than before the outbreak of the COVID-19 pandemic. Sentiment in the services sector and in consumer goods production remains sceptical at the start of the year, whereas the capital goods sector is benefiting from the upturn in the global economy. Inflation fell recently and unemployment remains high.

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apl. Prof. Dr. Hans Pitlik

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Tamara Fellinger

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