Bank Austria´s Economic Analysis: 2% Growth in 2011

Business › Economy ♦ Published: December 16, 2010; 19:00 ♦ (Vindobona)

The analysis of the Austrian economy forecasts a strong recovery. Improvements in the labour market will continue, but the positive trend weakens.

Bank Austria´s Economic Analysis: 2% Growth in 2011 / Picture: © Vindobona.org

Thanks to the dynamic growth experienced by Germany, foreign trade remains the growth engine for the Austrian economy. The q-o-q GDP growth of 0.9 per cent in the third quarter of 2010 is likely to be followed by growth of 0.6 per cent in the fourth quarter. Our forecast for 1.9 per cent GDP growth in 2010 as a whole has remained unchanged. The slowdown of global economic growth and a…

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