After the deepest decline in decades world trade has recovered since the early summer of 2009. However, most recently its volume has still been about one eighth below the peak of April 2008. The strong impulses for the world economy initially originate from the emerging economies in Asia. China...

Against the background of the dramatic aggravation of the financial crisis the world economy is in a downturn. After four years of strong economic growth the economy already cooled down in 2007. World trade has expanded only marginally in recent months. A further weakening in 2009 is already...

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...

Underpinned by expansionary economic policy, global economic activity has stabilised, with world trade expanding vigorously since the summer. In Austria, real GDP grew at a seasonally adjusted quarter-on-quarter rate of 0.9 percent in the third quarter, according to provisional calculations....

Underpinned by expansionary economic policy, global economic activity has stabilised, with world trade expanding vigorously since the summer. In Austria, real GDP grew at a seasonally adjusted quarter-on-quarter rate of 0.9 percent in the third quarter, according to provisional calculations....

The cyclical upswing between 2005 and 2007 differs significantly in a number of ways from the last boom phase from 1997 to 2000. The most recent upswing was about one year shorter. A comparison of the two cycles also shows considerable differences in the structure of economic development: in...

Since autumn 2009, the world economy has been recovering from the deep recession thanks to the strong stimulus of expansionary fiscal and monetary policies. This year it will grow by 4 percent in real terms (2009: 1 percent). However, the pace of the recovery differs substantially between...

World trade expanded strongly in late 2010 and early 2011. The upswing in the world economy is thus continuing. It is driven, above all, by buoyant economic activity in the Asian emerging economies, where exports, investment, and consumer demand are growing vigorously. Economic activity in the...

There are large differences between Steindl's ideas on growth policies and the Brussels/Paris consensus. Steindl called for innovation and education policies, whereas the mainstream today rather favours deregulation and privatization. Steindl stressed the positive demand-side effects of the...