While short-term prospects for the Austrian economy have weakened since last June's forecast revision, the pattern of risks is somewhat uneven as external downward risks slightly dominate domestic upward risks. Against this background, Austria's GDP is expected to grow by 0.6 percent in 2012 and...

Austria's gross domestic product contracted at a quarter-on-quarter rate of 0.1 percent in real terms in the fourth quarter of 2011. The decline was dampened by gross investment and the persistent stability in private consumption. Industrial production declined markedly in December. Economic...

Short-term prospects for the Austrian economy have hardly changed since the revision of the WIFO forecast of last December. As expected, demand and output edged down slightly in the fourth quarter 2012, but leading indicators kept heading up during the first three months of 2013. Having...

Overall, the latest data on the state of the global economy suggest that the upswing will continue; they are somewhat mixed, however. Growth remains robust in the USA, Latin America and South East Asia. Developments in the euro area, by contrast, continue to be characterised by the debt crisis....

The Austrian economy expanded at a quarterly rate of 0.3 percent in the first quarter of 2012. All demand components contributed to growth. On the production side, notably trade and other economic services provided positive stimulus. The results of WIFO's latest Business Cycle Survey and the...

Austrian economic output contracted moderately in the fourth quarter of 2012. The slower pace of growth was mainly attributable to the weak global economy and the associated decline in international capital and trade flows. At the beginning of 2013, global economic activity picked up again....

After unexpectedly vigorous growth at the beginning of the year, the Austrian economy expanded by a mere 0.1 percent in the second quarter of 2012. Economic activity has thus slowed noticeably, but this development can be described as relatively good, given the recession in the euro area. The...

Since the revision of the WIFO forecast of last September, the short-term outlook for the Austrian economy has improved somewhat. This is mainly due to the slight, but broad-based uptick of the leading indicators which suggests that a turning point of the business cycle may have been reached...

Following solid growth of the world economy in the first half of the year, leading indicators now increasingly point to a moderation in global activity. Signs of a marked slowdown in growth are emerging notably in Asia. Developments in Austria are increasingly determined by the euro crisis. In...

After a surprisingly robust expansion early this year, the outlook for the Austrian economy is increasingly clouded. Demand and output have slackened markedly, even if activity is holding up well given the recession in the euro area. Leading indicators point to sluggish economic growth in the...