The crisis in the Far East could depress the growth of Austria's exports by at most 0.5 percentage points and the expansion of real GDP by 0.1 percentage point to 0.2 percentage points, even under pessimistic assumptions. To the direct effects must be added the indirect effects resulting from...

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...