The sharp fall in economic activity in 2009 gave way to a rebound in 2010. Global output, after receding by 0.6 percent, increased by about 5 percent. GDP in the USA rose by 2.9 percent, the first gain of more than 2 percent since 2006. Japan also enjoyed the strongest growth in many years (+3.9...

In 2011, the world economy grew rapidly once again (by almost 4 percent). The recovery after the severe economic crisis of 2008 and 2009 thus continued. However, in many countries the economy still failed to return to its pre-crisis output level. As a consequence, the stance of monetary and...

With a growth rate of 3.3 percent, Austria's economy performed well in 1998. The driving force of the economic upswing in the first half of the year was the boom in exports; in the early fall, however, export growth weakened considerably as a result of the international financial crisis. Even...

After three years of subdue economic development, Austria's business cycle gained momentum in 2004. Brisk international demand boosted GDP by 2 percent, although internal demand was still hesitant. Employment could be increased, although unemployment remained high.

Throughout 2001, economic growth in the USA, Japan and the European Union was clearly losing momentum. In line with this development, Austria also recorded a marked slow-down in its pace of economic growth. While the economy had still been growing at a rate of 3 percent in 2000, macroeconomic...

Growing at a rate of 2.2 percent, the Austrian economy was expanding less strongly in 1999 than the year before. The slow-down of growth caused by falling exports in the summer of 1998 was still felt in the first half of 1999. However, the second half of the year saw a vigorous and accelerated...

Die deutsche Wirtschaft erfuhr im zurückliegenden Winterhalbjahr einen kräftigen Rücksetzer. Als Folge der hohen Inflation schwächte sich die Nachfrage spürbar ab. Erst ab der zweiten Hälfte des laufenden Jahres dürften die Einkommen der privaten Haushalte wieder stärker zulegen als die...

The world economy continues to expand at a vigorous rate for the fifth year in a row, with real output growth exceeding 5 percent. Downside risks to global economic activity have increased mainly because of the aggravation of the real estate crisis in the USA, where real estate prices have been...

In the turmoil caused by the international financial crisis the global economy has, for the first time in many decades, suffered a shrinkage. Austria's economy did not escape the negative forces either. Like many other countries, Austria introduced a large range of economic policy schemes to...

The cyclical upswing between 2005 and 2007 differs significantly in a number of ways from the last boom phase from 1997 to 2000. The most recent upswing was about one year shorter. A comparison of the two cycles also shows considerable differences in the structure of economic development: in...