After a robust start into 2012, the Austrian economy is becoming more and more affected by the sluggish performance in the euro area. The drawn-out debate about the appropriate policy approach to resolve the acute sovereign debt crisis makes a short-term forecast at the present stage...

Economic momentum in the euro area is declining further, but no signs have yet emerged of a sharp fall in output. Meanwhile, the discussion continues among European economic policymakers on measures aimed at restoring financial market confidence in the member states' fiscal management. Now also...

In response to the sovereign debt crisis in the euro area, many member countries apply cuts to their government finances. This will weigh on internal demand and output growth in the euro area, at a time when also the cyclical momentum of the global economy decelerates. For the year to come,...

Domestic and international business surveys have been signalling a business cycle slowdown for some time. Moreover, uncertainty about the course of economic activity has markedly increased with the sovereign debt crisis in the euro area still unresolved. As a consequence, firms have turned more...

The most severe economic crisis since World War II will lead to a fall in demand and output in Austria by 3.4 percent in real terms this year. Policy action taken at home and abroad to stem the recession are increasingly having a stabilising effect. As a consequence, GDP in Austria will head up...

The recovery of the global economy continues, although the recovery process is uneven. Phases of strong growth are interrupted by setbacks. Differences can also be noted across countries. While the USA and Japan saw growth rebound rapidly in the fourth quarter, the EU experienced a temporary...

The global slump in business activity is leaving deep traces in the Austrian economy. On the back of a steep fall in exports and domestic investment, real GDP is set to fall by 3.4 percent in 2009, with private consumption as the only stabilising component. The measures taken worldwide in...

The global economic crisis leaves deep traces in the EU countries. In Austria, too, GDP will suffer a marked decline by 2.2 percent this year. While exports and investment are falling steeply, consumption will maintain a moderate upward path due to the counter-cyclical policy action taken. The...

Due to the rising demand for quickly available economic data, the Austrian Federal Ministry of Finance requested the Austrian Institute of Economic Research to calculate rapid in-advance estimates of national quarterly GDP. Based on this, flash estimates on national accounts data have been...

Austria's GDP is set to grow by 2.6 percent in 2006 and 2.1 percent in 2007. Exports, but also investment in machinery and equipment are stimulating business activity this year. The front-loading of purchases in Germany will have positive spill-over effects also in Austria in 2006. However, in...