Growth in the emerging market economies continues to provide only weak incentives for global business activity. While the US economy follows a path of solid growth, the recovery in Europe remains tentative. Demand and output in Austria are heading up, though the upturn is lacking momentum.

Towards the end of 2013, activity rebounded in Austria as well as in Europe overall. However, the momentum promises to remain subdued: many countries are still struggling with the repercussions of the financial market crisis, and the need for consolidation of government households is restraining...

After a robust start into 2012, the Austrian economy is becoming more and more affected by the sluggish performance in the euro area. The drawn-out debate about the appropriate policy approach to resolve the acute sovereign debt crisis makes a short-term forecast at the present stage...

Quarterly national account estimates are subject to revisions over time, to account for newly available data and new methods of computation, as well as a revision of their underlying data source. In economically turbulent periods, such as the financial and economic crisis of 2008-09, revisions...

In the OECD countries, the recovery from the slump of 2001 was slow and painful. According to preliminary figures, these countries managed a growth in GDP of 1.3 percent in 2002, compared to 0.8 percent in 2001. In view of the geopolitical vagaries of the second half of 2002, demand for...

Im Oktober zeigen die Unternehmensumfragen im Euro-Raum eine wesentlich zuversichtlichere Einschätzung der weiteren Wirtschaftsentwicklung. Auch das Konsumentenvertrauen hat sich leicht verbessert. In Österreich verstärkte sich das Wachstum etwas, getragen vor allem von der Auslandsnachfrage....

Quarterly national accounts, based on the ESA 2nd edition concept, are for the first time available in Austria. Faced with a shortage of primary statistics that meet the quarterly demand in terms of prompt availability and accuracy, WIFO has developed an econometric model to estimate quarterly...

Following an increase by 3.1 percent in 2007, economic growth in Austria will moderate to 2 percent this year. While demand and output in the first half of 2008 were clearly more dynamic than in the euro area as a whole, the momentum has slowed steadily since the beginning of the year....

In 2007 the Austrian economy has expanded by 3.4 percent. This was the second year in a row of GDP growing by more than 3 percent. The impetus came from exports again with goods as well as services showing vivid growth rates. Investment demand accelerated in 2007 but lagged behind the dynamism...

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...