In 1991, the deficit in the foreign trade balance cumulated to AS 114.3 billion, 23.2 billion more than in 1990. In view of the strong growth of economic activity recorded this development is, by itself, not a matter of concern. The ratio of the trade deficit to GDP rose by 0.9 percentage points...

In a series of studies WIFO has analysed the impact of the establishment of a single EC market on the Austrian economy. Some of this work is still in progress. A summary of the main findings and a bibliography on the subject may provide further information for the continuing discussion.