Austria's Growth Remains Dependent on Exports

Politics ♦ Published: January 25, 2011; 02:31 ♦ (Vindobona)

The Austrian GDP will grow in real terms, according to WIFO, at an annual average of 2.2% per year between 2011-2015. The unemployment rate is expected to stagnate.

Austria's Growth Remains Dependent on Exports / Picture: ©

For the period 2011/2015, an annual real growth of 2.2% is being projected. Austria's economy should expand by about 0.25% lower than in the 10 years before the economic crisis.

The revival of world trade causes an increase in Austrian exports rose by an average of 6.2%, coming close to the rates of the 10 years preceding the crisis. Because the increase of imports at an average…