The short-term business outlook in the euro area is surrounded by considerable uncertainty. Recent gains in exports and profits have so far not translated into higher investment and consumer spending. High oil prices constitute a further risk element. Owing to the positive incentives from the...

Die Wachstumsprognosen für 2005 und 2006 bleiben unverändert, aber das Risiko einer ungünstigeren Entwicklung ist größer geworden. Der weitere Konjunkturverlauf ist im Euro-Raum unsicher, da die Export- und Gewinnsteigerungen bisher noch nicht die erwartete Ausweitung von Investitionen und...

Die österreichische Wirtschaft entwickelte sich im 1. Halbjahr 1998 trotz der Asienkrise günstig. In den Sommermonaten dürfte sich die Aufwärtstendenz jedoch in der Industrie bereits vor der Rußlandkrise etwas abgeschwächt haben. Der private Konsum wird immer mehr zur Konjunkturstütze....

During the last few months, output in Austria's manufacturing industry expanded vigorously; in April, for the first time in many years, the number of jobs in manufacturing increased. The Asian crisis has barely impaired the business climate. At the beginning of the year, output in the...

The Austrian economy grew by 0.8 percent quarter-on-quarter or 3.2 percent year-on-year in the first quarter of 2007, according to WIFO's latest flash estimate. Goods exports and investment are the main pillars of the upturn. The sentiment among manufacturers is currently as optimistic as last...

Driven by exports and investment, demand and output in Austria are growing by 2.6 percent in volume in 2006, the highest rate since 2000. By contrast, the momentum of private consumption remains subdued, despite the boost to net incomes from the tax reform. The jump in oil prices is hardly...

In late summer, activity in the financial markets was overshadowed by the crisis in Russia and the turbulence on the international stock exchanges. The financial outlook was also dimmed by the ongoing Asian crisis. The business climate of the Austrian manufacturing sector was barely impaired,...

The world economy continues to expand at a vigorous rate for the fifth year in a row, with real output growth exceeding 5 percent. Downside risks to global economic activity have increased mainly because of the aggravation of the real estate crisis in the USA, where real estate prices have been...