The European economy grew by 2.8 percent (euro area +3.0 percent) in 1998, the highest rate since 1994. Production and demand peaked in the first half of the year, when export still expanded at a lively pace. At first, the currency crises in South-East Asia had little effect on the EU's foreign...

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...