WIFO in general and Karl Aiginger in particular were among the first to point out that in highly developed industrial countries prices and costs are just one of many (and usually not even the most important) elements of competitiveness; in this case applying business management insights to...

GDP grew at a seasonally and working day adjusted rate of 0.2 percent in the third quarter, compared with the previous quarter. Hence the upturn set in at only a modest pace. In the EU countries, economic activity remains sluggish and uneven. Weak price dynamics prompted the European Central...

The ongoing crisis, enveloping in particular the European finance system, is in danger of becoming embedded. Reticent productive investment due to underutilisation and grave uncertainties, budget cuts everywhere, including education and research, growing resistance to reform, a prevalence of...

As from 2010, as a consequence of the international financial market crisis, a number of countries which had been struggling with budget deficits and high public debt already before the crisis were unable to obtain market financing at viable conditions. In Europe, many highly-indebted countries...