The marked decline of oil prices gives some impetus to business activity in the euro area. However, medium-term prospects are dominated by lack of aggregate demand and very low inflation; moreover, the lacking possibility of currency de- or re-valuation, notably the under-valuation for Germany,...

During the period of 2012-2017, the Austrian economy is projected to grow at an average annual of 1.7 percent. The average growh rate will thus be lower than in the decade preceding the recent financial and economic crises. The main causes of this sluggish pace of economic growth will lie in the...

The medium-term growth rate of the world economy is set to rise markedly. Between 2003 and 2008 world GDP is expected to expand on average by 4.0 percent per year, and world trade to increase by 6.1 percent per year. The highest growth rate should be achieved by the non-oil developing countries...

Since the beginning of the 1990s, the USA has – for the first time since the end of World War II – held the "leadership" in the growth dynamic of the "Triad": between 1991 and 1996, the USA's GDP grew at a yearly rate of 2.9 percent – almost twice as quickly as Europe's (+1.6 percent)....

The devaluation of a number of European currencies, measures to consolidate state budgets and structural problems that cannot be resolved all too quickly have together held the growth in the production component of Austria's overall economy since 1994 below that of the average for the EU's...