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Austria: Better off within Eurozone

Published: October 2, 2013; 16:22 · (Vindobona)

Economic experts claim that since the beginning of the single currency union, Austria has seen an additional economic growth of 0.4 percent. According to them, a collapse of the Eurozone would lead to a massive decline in exports.

Austria: Better off within Eurozone / Picture: © European Commission

According to the Austrian Institute of Economic Research (Wifo) and the Austrian Chamber of Commerce (WKO), studies show that contrary to citizens’ belief, the Austrian economy is doing better while participating in the Economic and Monetary Union. According to the published studies, Austria was able to generate further annual growth of GDP of 0.4 percent. In 2012, the increased…

This article includes a total of 407 words.

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