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...

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...

In an international perspective, the economy was set on a revival course in 2003. China reported continuous and brisk growth rates throughout the year, whereas the USA and Japan had to wait for the second half of the year to achieve a substantial boost of their dynamism. Real GDP in the OECD...

In the turmoil caused by the international financial crisis the global economy has, for the first time in many decades, suffered a shrinkage. Austria's economy did not escape the negative forces either. Like many other countries, Austria introduced a large range of economic policy schemes to...

With a growth rate of 3.3 percent, Austria's economy performed well in 1998. The driving force of the economic upswing in the first half of the year was the boom in exports; in the early fall, however, export growth weakened considerably as a result of the international financial crisis. Even...

After three years of subdue economic development, Austria's business cycle gained momentum in 2004. Brisk international demand boosted GDP by 2 percent, although internal demand was still hesitant. Employment could be increased, although unemployment remained high.

Growing at a rate of 2.2 percent, the Austrian economy was expanding less strongly in 1999 than the year before. The slow-down of growth caused by falling exports in the summer of 1998 was still felt in the first half of 1999. However, the second half of the year saw a vigorous and accelerated...

In 2005, the Austrian economy grew by 1.9 percent in real terms, slightly slower than in 2004 (+2.4 percent). A weak phase in the first half gave way to growing momentum over the year, fuelled, once again, chiefly by international demand. In their role of suppliers, Austrian exporters profited...

The economic expansion which had started off in mid 1999 continued throughout the first half of 2000. The international situation (vigorous domestic demand in the USA, strong growth in the CEECs, stable financial markets) made for a marked stimulation of Austrian foreign trade, which benefited...

In 2011, the world economy grew rapidly once again (by almost 4 percent). The recovery after the severe economic crisis of 2008 and 2009 thus continued. However, in many countries the economy still failed to return to its pre-crisis output level. As a consequence, the stance of monetary and...