Europas Wirtschaft löst sich allmählich aus Rezession und Stagnation und kann für 2014-15 eine Rückkehr zu mäßigen Wachstumsraten erwarten. Die bessere Konjunktur wird jedoch weder die Folgen der vergangenen Krisen – hohe Arbeitslosigkeit und Staatsschuldenlast – beseitigen, noch ihre...

Public expenditure on social welfare exhibit a marked anti-cyclical pattern. Thus, for 1990 a further slowdown in their upward momentum was to be expected. Actually, however, the rate of growth of 7¼ percent was the highest in eight years. The strong rise in unemployment caused a similar jump...

Recessionary forces from abroad are spreading across the Austrian economy. Foreign orders to manufacturing industry are in decline and the rising effective Schilling exchange rate may become an additional export barrier. Domestic consumer confidence and the investment climate remain unshaken for...