Devaluation and Shortfall


The 2012 parliamentary elections are over, except for the five problematic constituencies earmarked for a re-run election.  The gas issue also saw positive progress, after an Austrian court set a precedent by ruling that a “take-or-pay” scheme could be ignored.  But the economy has not yet left the turbulent zone, and many problems only make it worse.  Devaluation pressures and the approaching fiscal problems are likely to make headlines in coming months.  More about recent tendencies you can read in our new report “Devaluation and Shortfall”. The full report could be obtained through subscription at Global Source (  Trial access is available.

Summary of Economic Overview

November 27, 2012