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Austria Achieved Positive Current Account in 2011
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Last year, Austria´s current account reached a surplus of 1.9% of the GDP.
Austria Achieved Positive Current Account in 2011 / Picture: © Wikimedia Commons / Biberbaer [CC BY-SA 3.0]
In spite of the difficult frame conditions, Austria recorded a € 5.9bn trade account surplus. This corresponds to 1.9% of Austria´s GDP. OeNB (Austrian Central Bank) underlined that the international competitiveness could be retained.
The main reasons behind this result are the increase in exports of technologic service suppliers and the stable results in Austria´s tourism…
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