In 1993 investment expenditures in the total economy were 2.6 percent below the level in 1992. The year 1994 is likely to see a rather diverse development, with outlays in manufacturing still on the decrease. High investment outlays abroad over the last few years and productivity advances of...

Economic growth, both in Austria and as an EU average, is not strong enough to make substantial inroads on unemployment. It was not least due to this factor that the European Council awarded maximum priority to the growth and employment targets and requested that member states should each...

Aggregate investment, which had outpaced GDP growth for years, lagged behind in 1992 and will shrink by 2.9 percent at constant prices in 1993. In the economic sectors sampled by WIFO it is set to fall by 10 percent in volume, in manufacturing industry by as much as 19 percent. While capital...