GDP in Austria expanded by no more than 1.1 percent in volume in 2001. The weakness in overall demand is set to continue until Spring 2002 at least. By that time, a marked upturn in activity may set in, driven by a business cycle recovery in the USA and supported by low oil prices. On these...

Manufacturing posted strong gains in Austria, but the WIFO business survey indicated a slight cooling of the business climate. Unemployment continues to rise despite substantial employment expansion. The deficit in the current account is shrinking markedly. In the first quarter of 1998, real GDP...

Driven by a recovery of exports and industrial output, economic growth has been gaining momentum since mid-1999. Rising private consumption continues to give firm support to the business cycle; next year, the tax reform and higher family benefits will provide additional stimulus to private...

GDP in Austria is projected to grow by 2.1 percent in volume this year, markedly down from the pace observed in the last two years when growth almost reached 3½ percent respectively. Next year, the momentum may moderate further, to an annual increase of 1.7 percent. The forecast, particularly...

Expansion of foreign demand will continue to be the driving force behind economic activity in 1997 and 1998, providing stimulus notably to industrial production and to investment in machinery and equipment. Domestic demand should stay weak under the impact of fiscal policy restriction. With real...

GDP growth in Austria is projected to remain below its long-term trend. Main reasons are sluggish activity abroad and restrictive demand effects of Europe-wide fiscal consolidation. Nevertheless, a cyclical recovery may be expected to come primarily from exports. Domestic private consumption...

Strong growth of merchandise exports and of machinery and equipment investment characterize the business cycle in 1998. Austrian GDP is set to increase by 3 percent in volume. With new jobs being created to a large number and income growth resuming, private consumption should strengthen....

The stagnation of the economy in the Euro area since 2000 is closely connected to the dominance of purely long-run supply-side oriented policies in the Euro area. While exports and profits soared, domestic demand has been weak. The neglect of cyclical and demand factors appears to be the major...

Growth of the Austrian economy may accelerate to an annual rate of 2.3 percent in the next five years. The average rate would thereby be markedly higher than the 1.6 percent recorded over the period from 1999 to 2004. Activity is receiving substantial stimulus from exports. Austrian firms should...

Real GDP in Austria expanded by no more than 1.1 percent in 2001, as a result of subdued domestic demand and a marked slackening of exports and equipment investment. Driven by a recovery in the USA and supported by low oil prices, activity may stage a strong rebound as from next spring. Under...