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Allianz: Austria's Economic Production has Reached Pre-crisis Level in 2011

Published: December 15, 2010; 19:38 · (Vindobona)

Strong exports and government stimulus programs enabled growth. Despite public savings constraint, Allianz expects further upward trends.

Allianz: Austria's Economic Production has Reached Pre-crisis Level in 2011 / Picture: © Allianz

The economic boom in the last quarters was mainly due to the recovery in world trade. The government's economic stimulus programs had a supportive effect. In 2011, budget constraints in the public sector and private households will influence economic activity negatively. Nevertheless, according to Allianz, the economic upturn in the euro area will continue in 2011.

"Recovery…

This article includes a total of 233 words.

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