The Austrian economy grew by 1 percent quarter-on-quarter or 3.8 percent year-on-year in the second quarter, according to the WIFO estimate. Economic activity has thus continued to gather momentum – unlike on EU average. Investment and merchandise exports are the key drivers of the boom,...

Throughout the 1990s, the labour market has shown an unfavourable development, with unemployment noticeably on the increase. Until 1997, the main reasons underlying this development were a relatively low average rate of economic growth, the 1993 recession, and strong productivity increases in...

The EU structural indicators provide meaningful benchmarks for assessing progress towards meeting the Lisbon objectives. However, the ranking of countries according to such unweighted indicators makes little sense. While Austria fares relatively well at the level of most EU key indicators, its...

Cyclical activity has gained considerable momentum since the beginning of the year. The forecast for GDP growth is therefore revised upward, to 3.5 percent in 2000 and 3.2 percent in 2001. Exports are benefiting from lively demand and output in Europe, providing strong incentives also for...

The real economy is now feeling the full impact of the global financial crisis. The economic downturn, which started out with exports, is now spreading to all the other demand components. Real GDP barely grew quarter-on-quarter in the third quarter of 2008 (+0.1 percent). In year-on-year terms,...

Between 2008 and 2012, real GDP in Austria will grow at an annual average rate of 2.3 percent. From 2010 onwards, the Austrian economy is expected to benefit from tax cuts and an economic recovery in the euro area.

The projection for GDP growth in 2005 and 2006 remains unchanged, but the risk of adverse developments has increased. The further cyclical profile in the euro area is uncertain, since the gains in exports and corporate earnings have so far not translated into the expected higher investment and...

1998 was a prosperous year for Austria's economy despite adverse global economic conditions. At 3.3 percent, GDP growth perceptibly exceeded the EU average. In the fall, however, signs of an impending slowdown appeared, a result of the crises in Asia, Russia, and Latin America as well as of the...

Economic growth in Austria is expected to moderate to 2.2 percent as a result of the slowdown in the world economy. Exports, which have long been the mainstay of the upswing, are forecast to expand only modestly. Economic activity continues to be bolstered by strong consumer spending which...

The slide on stock markets has shaken confidence of consumers and business world-wide. The business cycle recovery is thereby being delayed. The Austrian economy is projected to grow by barely 1 percent this year, and by over 2 percent in 2003. The slow pace of activity is causing a sharp rise...