News – 30.07.2021

GDP Increased by 4.3 Percent in the Second Quarter of 2021

WIFO Flash Estimate: Industry and Easing of Measures Shaped Economic Recovery

According to the latest WIFO Flash Estimate, Austria's economic output expanded by 4.3 percent in the second quarter of 2021 compared to the previous quarter. This was the first-time growth resumed after the two negative previous quarters.
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News – 23.07.2021

Economic Development in the Austrian Provinces in 2020

Regional Economic Development in the Wake of the COVID-19 Crisis

The economic slump triggered by the COVID-19 crisis hit the Austrian provinces to varying degrees. This is mainly due to the extent to which individual sectors were affected by the crisis, as well as to differences in the regional economic structure.
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News – 21.07.2021

Effects of the COVID-19 Package on Corporate Liquidity

Ex-post Analysis by WIFO

A recently published ex-post analysis by WIFO economists Serguei Kaniovski, Atanas Pekanov and Thomas Url of the impact of government aid measures under the COVID-19 legislation allows conclusions on their effectiveness in bridging potential liquidity shortages due to falling sales.
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News – 18.07.2021

Olympics: No Major Economic Stimulus Expected for Tokyo

Past Major Events Stimulated Regional Economies, at Least in the Short Term

"Due to the absence of tourist inflows, the Tokyo Olympics are expected to have a considerably lower positive impact on the host region's economy," explained WIFO regional economist Matthias Firgo. In a paper recently published in the renowned journal "Regional Science and Urban Economics" Firgo investigated which causal effects Summer and Winter Olympics since the 1990s have had on the level of prosperity (GDP per capita) of the host regions on average.
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