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As Recession Grips its Neighbors, Austria May Escape the Carnage

Published: May 8, 2012; 14:43 · (Vindobona)

The world’s economic focus continues to be Europe and whether its widening list of travails will once again derail the global recovery, as it did a year ago at this time.

As Recession Grips its Neighbors, Austria May Escape the Carnage / Picture: © OeNB

Government officials finally moved in concert to deal with pressing liquidity issues, but the only solution that will work is real economic growth in all sectors of the Eurozone. Unfortunately, recent manufacturing data points to a current downturn, as many of the weaker member states gradually slip back into recession. Austria is an exception to the rule. Projected domestic growth for…

This article includes a total of 644 words.

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