Global economic developments have been uneven, but activity has recently been robust notably in large economies such as the USA and the UK. In the euro area, by contrast, momentum has been muted. The Austrian economy stagnated in the second half of 2014. Given the somewhat more positive economic...

After the stagnation prevailing since spring 2014, economic activity in Austria will remain subdued also in early 2015. Leading indicators have lately given no firm hopes for a cyclical rebound. From a short-term perspective, the conditions for a normal recovery of demand and output in Austria...

After the slow pace recorded in 2014, growth of the Austrian economy is likely to remain modest also in early 2015. Leading indicators to date give no substantial hint for a revival of business activity. Hence, the conditions for a cyclical recovery during the first half of the year are hardly...

The WIFO Business Cycle Survey serves as an important early-indication tool for the economic situation in Austria. Using a Markov regime-switching model, it is possible to determine at an early point in time whether the business cycle is in its upward or downward mode. Regime probabilities are...

Die Konjunktur hat sich im 2. Halbjahr 2012 deutlich abgeschwächt. Die Vorlaufindikatoren deuten aber bereits auf ein Ende der Abwärtsbewegung hin. Zwar sind die Signale bisher relativ gering, sie sind jedoch in einer Vielzahl von Determinanten zu erkennen. Die heimische Volkswirtschaft wird...

While short-term prospects for the Austrian economy have weakened since last June's forecast revision, the pattern of risks is somewhat uneven as external downward risks slightly dominate domestic upward risks. Against this background, Austria's GDP is expected to grow by 0.6 percent in 2012 and...

Die heimische Wirtschaftsleistung ging im IV. Quartal 2011 leicht zurück. Die Wachstumsdämpfung ist vor allem auf eine schwache Weltwirtschaft und die damit reduzierten internationalen Kapital- und Handelsströme zurückzuführen. Das hohe Maß an makrofinanziellen Risiken hält weiter an. Die...

Real GDP in Austria expanded by 0.2 percent in the first quarter of 2014 compared with the previous quarter. The upturn did not accelerate further, but it did strengthen. Economic growth, which is buttressed by broad-based demand, is increasingly receiving stimulus from abroad. Global economic...

Short-term prospects for the Austrian economy have little changed since the last revision of the WIFO forecast three months ago. Output in the first quarter 2014 grew as expected, albeit somewhat less than in the fourth quarter 2013. Latest leading indicators have been slightly less strong than...

While short-term prospects for the Austrian economy have weakened since last June's forecast revision, the pattern of risks is somewhat uneven as external downward risks slightly dominate domestic upward risks. Against this background, Austria's GDP is expected to grow by 0.6 percent in 2012 and...