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Austria’s Economy Is Growing Faster Than Expected

Published: May 25, 2011; 21:57 · (Vindobona)

The Austrian economy has grown faster than expected. The OECD raised its growth forecast to 2.9%.

Austria’s Economy Is Growing Faster Than Expected / Picture: © Flickr

The Austrian economy has followed in Germany’s wake and grown at a higher rate than the Eurozone average. While exports showed a strong upward trend in the last year already, investments are now starting to gather momentum. The economic dynamics in the first quarter of 2011 have caused the OECD, the Organisation for Economic Co-operation and Development, to raise its forecast by 0.5…

This article includes a total of 208 words.

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