Article Tools

2.7% Economic Growth Due to Exports

Published: March 11, 2011; 02:21 · (Vindobona)

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…

This article includes a total of 253 words.

or Log In

Fast News Search