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In May 2009 a large majority of the average MFI interest rates on new deposits and new loans further decreased. All the average MFI interest rates on outstanding amounts of deposits and loans decreased.

In May 2009, compared with April 2009, the volume of retail trade fell by 0.4% in the euro area (EA16) and by 0.5% in the EU27. In April retail trade rose by 0.1% and 0.3% respectively.

So far, Austria has weathered the global financial crisis better than other OECD countries. Even so, it is entering its worst recession in half a century. Moreover, its strong economic links with Central and Eastern Europe involve risks to GDP growth and financial stability.