Austria's labor market recovered remarkably fast from the dramatic plunge in employment and from the record unemployment in the first quarter of 1996. This development supports the view that the economic slowdown in the fourth quarter of 1995 and the first quarter of 1996 is due rather to...

Whenever the business cycle approaches its trough and challenges for firms become particularly severe the regional pattern of competitive strength and need for adjustment shows up clearly. Upper Austria, Salzburg and the Tyrol fare much better than Styria, Carinthia and Vorarlberg. The Eastern...

With the economy being characterized by a slump in exports, private consumption and the construction sector contributed the most to economic growth, expecially in Vienna and the Burgenland. As the boom in demand that was triggered by the reunification of Germany levelled off manufacturing in...