Sponsored Content
Austrian Current Account Deficit Rising
Against 2010, the Austrian current account deficit almost doubled. Both imports and exports reached record levels.
Austrian Current Account Deficit Rising / Picture: © Wikimedia Commons / Biberbaer [CC BY-SA 3.0]
In 2011, Austrian exports grew substantially to € 122.5bn, which is a rise of 12%. However, as import showed a stronger rise, the deficit grew from € 4.3bn to € 8.2bn last year. Imports were up by 15% to € 130.7bn. „In 2012, we want to surpass this record of 2011.“ Christoph Leitl, President of the Austrian Chamber of Commerce (WKO) announced. Leitl seeks an export volume of…
or Log In
Fast News Search