Austrian Economy Dependent on Neighbor Countries

Politics ♦ Published: July 11, 2013; 10:29 ♦ (Vindobona)

Austria’s economy is getting through the crisis better than the Eurozone. However, the country owes this partly to neighboring countries.

Austrian Economy Dependent on Neighbor Countries / Picture: © Vindobona.org

Yesterday, the economic report 2013 was presented by the Austria government; six years after the international financial crisis broke out. Austria is not so bad off compared to the EU average and will show growth higher than the Eurozone, which is in recession.

The Austrian Institute for Economic Research (Wifo) and the Institute for Higher Studies (IHS) forecast the Austrian…

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