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,...

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...

The Austrian economy grew by 3 percent year-on-year in the second quarter, according to WIFO's flash estimate. While exports and investment in machinery and equipment gained momentum compared with previous quarters, private consumption and housing construction did not show any signs of a...

Between 1995 and 1997, the member states of the European Union succeeded in reducing their government deficits from an average of 5 to 2½ percent of GDP. Economic growth remained sluggish throughout the period, but the recession expected by many as a consequence of restrictive fiscal policies...

The Austrian economy expanded by 0.8 percent quarter-on-quarter and 3.4 percent year-on-year in the third quarter of 2007. While the upswing continued to be mostly driven by exports, investment in machinery and electrical appliances also posted sizeable gains. Private consumption failed to pick...

The business cycle should have reached its lower turning point in the first quarter, and a recovery is expected to gather momentum from now. Because of the negative carry-over from last year, GDP growth on annual average 2002 may not exceed 1.2 percent, accelerating to 2.8 percent in 2003. While...

The slackening of the business cycle in the USA, the fallout from higher oil prices, and a restrictive budgetary stance are set to dampen economic growth in 2001. Following the strong upturn in 2000 (+3.3 percent), demand and output in Austria are expected to expand by a more moderate 2.6...