Global economic activity continues to weaken. The crisis acts as a drag on the euro area economy. A slowdown is noticeable also in Asia's emerging markets. These developments dampen economic activity in Austria. Growth in the manufacturing industry is slowing. But the construction and services...

Underpinned by expansionary economic policy, global economic activity has stabilised, with world trade expanding vigorously since the summer. In Austria, real GDP grew at a seasonally adjusted quarter-on-quarter rate of 0.9 percent in the third quarter, according to provisional calculations....

The Austrian economy will not regain significant momentum before 2014. During the forecast period from 2012 until 2016 real GDP will grow by 1.6 percent per year on average. Exports will expand by 5.5 percent per year. Imports, by contrast, will increase by only 5.1 percent. The average...

The "Europe 2020" Strategy for growth and employment in the EU establishes a new framework for member countries' economic policies. Key elements are the national targets in five policy areas (employment, research and development, education, poverty, environment), the Stability and Growth Pact,...

Austria's unit labour cost position improved thanks to the recovering economy and the related increase in productivity. Per-capita labour costs increased only slightly in manufacturing, while labour productivity per employee saw a greater rise. In general, unit labour costs in Austrian...

The international environment continues to weaken, dampening economic activity in Austria noticeably. Notably the euro crisis has contributed to heightened uncertainty. Economic indicators point to a loss of momentum in the second half of the year. Labour market conditions remain tense.

The cyclical recovery of the Austrian economy continues. Exports and manufacturing benefit from the strengthening of global activity. Yet, the stimulus from abroad is only gradually being transmitted to domestic investment. The rebound of demand and output makes for an improvement on the labour...

The cyclical upswing in Austria continues. Driven by the swift expansion of global activity, exports are posting strong gains. Meanwhile, the momentum is being transmitted to private investment which is set to rise substantially over the forecast period. Short-term indicators suggest that the...

Due to their geographical proximity, their natural resources as well as their market potential and labour pool, the countries of the Black Sea region located at the strategic crossroads of Europe, Central Asia and the Middle East are gaining increasing importance. As the economies are expanding...

The business cycle upturn in Austria is set to continue. Lively global demand is driving up exports, and also investment in machinery and equipment should post strong gains over the forecast period. Short–term indicators nevertheless point to some slackening during the remainder of the year....