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Austria: Economists Predict Rosy Days

Politics ♦ Published: July 24, 2013; 12:55 ♦ (Vindobona)

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The Austrian economy will be growing by 1.7 percent on an annual basis and is developing much better than the rest of the Eurozone, the Austrian Institute for Higher Studies (IHS) predicts.

Austria: Economists Predict Rosy Days / Picture: © Vindobona.org

The Austrian economy will grow by 1.7 percent annually in the coming years until 2017. In its economic forecast, IHS predicts the Austrian economy to grow significantly faster than the whole Eurozone, which is supposed to grow by 1.0 percent only on an annual basis. However, the unemployment rate is supposed to increase as well.

For the mid-term prognosis, IHS adopts the figures…