With the adoption of the Agenda 2000 in July 1997, the European Commission initiated the enlargement of the European Union to the east. Ten Central and East European countries (CEECs) were evaluated as candidates for membership in the EU. Five countries (Estonia, Hungary, Poland, the Czech...

Austria's economy is projected to grow at an annual rate of 2.4 percent on average until the year 1999. This forecast takes account of the consequences of Austria's accession to the EU as well as of the envisaged budget consolidation. The mainstay of economic growth will be merchandise exports;...

Austria's economy is expected to grow by 3 percent per year on average during the period from 1991 to 1996. Dependent employment is forecast to rise by 1.2 percent. Consumer prices are likely to increase by 3.2 percent per year. The current account will be balanced. If the consolidation of the...

The devaluation of a number of European currencies, measures to consolidate state budgets and structural problems that cannot be resolved all too quickly have together held the growth in the production component of Austria's overall economy since 1994 below that of the average for the EU's...

In 1997–2002, Austrian GDP will grow by 2¾ percent p.a. on average in real terms. Supported by the strong competitive position of Austria's external sector, exports will continue their dynamic growth and the net exports are expected to furnish a positive contribution to GDP. Domestic demand...

Through simulations using the WIFO macro model it is possible to estimate the effect of changes in trade policy – i.e., of East European opening up and of EU eastward enlargement – on the Austrian economy: although competitive pressure has considerably increased in some economic sectors...

After a two year slump, Austria's economy is expected to recover in 1998. Over the whole forecast period 1995-2000 the economy will grow by 1.8 percent per year, a rate slightlyless than the rate forecast for the entire EU (2.1 percent). According to the forecast, net government borrowing is...

The Austrian economy has passed through the trough of the recession and is poised for an – at first rather modest – recovery. Real GDP is expected to rise by 2.3 percent on average between 1993 and 1998, about as fast as in the period since the mid-eighties. The expansion in output is...