In 2000, for the first time since the beginning of transformation the economy grew in all CEECs. All countries managed to accommodate the shock of high oil prices – no currency, current account, or banking crisis occurred. Croatia, the Czech Republic, Romania and Ukraine pulled themselves out...

Growing at a rate of 2.2 percent, the Austrian economy was expanding less strongly in 1999 than the year before. The slow-down of growth caused by falling exports in the summer of 1998 was still felt in the first half of 1999. However, the second half of the year saw a vigorous and accelerated...

The tax reform and the current economic recovery boosted expenditures by private households (adjusted for price increases) in the first half of 1994 by a hefty 2.3 percent. The demand for durable consumer goods picked up very slowly mainly because consumers expect prices to fall at the beginning...

The slowdown in inflation which has prevailed during most of the eighties, has come to a halt. In almost all OECD countries prices are rising at a faster pace since mid-1988. The main reason is the rebound in the prices of oil and of other raw materials. The high degree of capacity utilization...