In 2013, Austria's economy grew by just 0.4 percent, the slowest growth rate since the recession of 2008-09 when overall production had shrunk by 3.8 percent. Both the investment volume and private household consumption declined in real terms. Unemployment rose sharply to a new height of 7.6...

Austria's GDP grew by just 0.3 percent in 2014, making for a sluggish economy for the third year in a row. Causes for the sluggishness were not just continued investment reticence on the part of businesses and muted expenditure on the part of private households but also the lack of any strong...

Due to their geographic proximity, traditional economic ties and a policy of rapprochement with the EU, the Western Balkan region (Albania, Bosnia–Herzegovina, Kosovo, Croatia, Macedonia, Montenegro, and Serbia) has been accorded particular importance by Austria. By international standards,...

The outlook for the world economy improved in the course of 2010 and the recovery has now gained strength in the EU as well. The Central, East and Southeast European (CESEE) countries have also recovered from the crisis; most of them recorded GDP growth rates. On average, their exports have been...

The present economic crisis bears all the familiar hallmarks of the financial, debt-related and structural aspects of a current accounts crisis. All these aspects have lasting level effects and recovery can be very protracted. Export-led growth was an important feature of the 2010-11 recovery...

On the whole, 2012 was a disappointing year for the economies of Central, East and Southeast Europe (CESEE), confirming fears of a double-dip recession in the euro area adversely impacting large parts of the CESEE region. This rather poor performance stands in sharp contrast to the better...

Despite an economic slack in the EU 15 and, in many cases, the revaluated currencies, CEE countries achieved a sturdy growth again in 2005. This was primarily due to increased exports in the new EU member states and, throughout the remainder of CEE, as a result of booming consumption. The...

The economic performance of the CEECs in 2003 was dominated by a clear convergence pattern: On the one hand, growth in the "new" EU countries of Central and Eastern Europe has accelerated, which greatly helped converge their per capita incomes towards those of the EU 15. In all these countries,...

Economic growth in Central and East European countries (CEECs) in 2007 was driven primarily by the strong domestic demand, especially for consumer goods. The latter resulted from both higher incomes (particularly in Central Europe's new EU countries) and expanding household credit (elsewhere),...

The current global financial and economic crisis has been spilling over to the Central and Eastern European coun-tries (CEECs). After several years of economic prosperity in most of these countries, activities of the real economy have slowed down. The crisis has reached the region on two tracks....