Austria's Economy Grew Strongly Again in the First Quarter of 2011

Business › Economy ♦ Published: May 14, 2011; 13:56 ♦ (Vindobona)

According to the latest WIFO flash estimate, the domestic GDP grew, in real terms and seasonally adjusted, by 1% in the 1st Q. 2011. Compared with the previous quarter (4th Q. 2010: +0.9%), the expansion rate has picked up slightly.

Austria's Economy Grew Strongly Again in the First Quarter of 2011 / Picture: © Wikimedia Commons [CC0 1.0] / Pixabay [CC0 Creative Commons]

The recovery of the Austrian economy continued in early 2011. In the 1st Q. the GDP increased by 1.0% compared with the previous period and by 4.2% compared with the previous year. The results for the 4th Q. 2010 results slightly higher due to the revision of the data, so that economic growth in 2010 amounts now to 2.1%.

The stimulus also came from abroad…

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