In 1991, the deficit in the foreign trade balance cumulated to AS 114.3 billion, 23.2 billion more than in 1990. In view of the strong growth of economic activity recorded this development is, by itself, not a matter of concern. The ratio of the trade deficit to GDP rose by 0.9 percentage points...

Towards the end of 1997, a financial and currency crisis was precipitated in the Far East. But once the affected countries have coped with their current problems, a brisk upswing can be expected. A WIFO survey performed at the apex of the crisis found that 62 percent of the companies polled felt...

Towards the end of 1997, a financial and currency crisis erupted in the Far East. But once current problems have been overcome, the affected countries can be expected to enjoy a brisk upswing. A WIFO survey, made at the height of the crisis, found that 62 percent of the responding companies felt...

The Gulf crisis has caused new turbulence in the world oil market. Price developments in the near future will essentially depend on whether a military conflict can be avoided or not. Given this uncertainty two scenarios were elaborated: a main version with spot market prices remaining at about...