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Austrian Economy: OeNB Demonstrates Optimism
The Austrian Central Bank is satisfied with the performance of the domestic economy underlines the necessity of austerity measures.

Looking at the economic situation, Austria’s economy performed well, recording a GDP growth rate of 3% in 2011, markedly above the euro area average. The 4% unemployment rate was the lowest in the entire EU. The current account again posted a surplus. In 2012, growth is projected to be somewhat below 1% as a result of the weaker external macroeconomic environment and stepped-up…
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