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2.7% Economic Growth Due to Exports
Austria's GDP increased compared with the previous year by 2.7%, stimulated mainly by exports and material goods production.
2.7% Economic Growth Due to Exports / Picture: © Vindobona.org
Recovery of the Austrian export economy from recession is progressing rapidly. In December 2010 the production index of the manufacturing industry, was 12% seasonally adjusted above the May 2009 low, offsetting almost four fifths of the decline in production since autumn 2008.
The driver of the good situation of the industry is a strong upturn in Asian and Latin American emerging…
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