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As a result of the persistent weakness of domestic demand, manifest in the stagnation of retail trade sales and a decline in construction activity, the development in the export sector is of particular importance for the future course of the economy. According to the WIFO business survey, the...
Persistent link: https://www.econbiz.de/10005019978
In 2003, the economy will grow by only 0.7 percent. Under the current framework conditions of deficient overall demand in the euro area and a marked depreciation of the dollar vis-à-vis the euro, prospects of a cyclical rebound remain elusive even for 2004. With GDP growth projected at an...
Persistent link: https://www.econbiz.de/10005020066
Europe at large and in Austria. …
Persistent link: https://www.econbiz.de/10005020225
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The weakness of domestic demand in Austria and in major trading partner countries is shaping current economic … considerable risks. In Austria, equipment investment and imports are receding, and industrial output is slightly below the year … has become visible in civil engineering. The adverse trend in overall demand is mirrored by a marked decline in employment …
Persistent link: https://www.econbiz.de/10004975165
lead to a further rise in unemployment and a widening budget deficit. …
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Surveys among industrial companies show a significant improvement of the business climate both in Austria and the euro …
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particular the construction sector is in a crisis, affecting building of new structures and civil engineering alike. Unemployment …
Persistent link: https://www.econbiz.de/10004976290