In 2003, the economy will grow by only 0.7 percent. Under the current framework conditions of deficient overall demand in the euro area and a marked depreciation of the dollar vis-à-vis the euro, prospects of a cyclical rebound remain elusive even for 2004. With GDP growth projected at an...

In 2009, the Austrian economy contracted by 3.4 percent in volume. Goods exports, manufacturing output and investment in business equipment fell particularly strongly, while private consumption proved resilient, edging up slightly. Driven by the expansionary monetary and fiscal policy stance...

For the third year in a row, the Austrian economy will grow by only around 1 percent in 2003. Adding to the persistent weakness of domestic demand are the economic repercussions of geopolitical instability. For 2004, uncertainties are particularly large, with growth projected to stay below the...