Crisis Reaches Austria’s Real Economy in 2012

Business › Economy ♦ Published: December 21, 2011; 15:00 ♦ (Vindobona)

Economic growth will collapse next year, investment activities and consumption will suffer from the crisis. A recovery is expected for 2013.

Crisis Reaches Austria’s Real Economy in 2012 / Picture: © Vindobona.org

In 2012, the growth rate of the Austrian economy will decline strongly. The year after, however, it will recover and increase to a level half as high as in 2011. The Austrian Institute of Economic Research (WIFO) expects real growth of 0.4% in 2012, while the Institute for Advanced Studies (IHS) anticipates a plus of 0.8%.

In 2013, the Austrian GDP is expected to increase by 1.6%…

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