Economic Growth at 3.5% in the First Months of 2011

Business › Economy ♦ Published: March 26, 2011; 11:55 ♦ Updated: March 27; 00:00 ♦ (Vindobona)

The Austrian economy is expanding relatively strongly, driven by the robust external demand.

Economic Growth at 3.5% in the First Months of 2011 / Picture: © Vindobona.org

The results of the OeNB Economic Indicator show a real GDP growth of 0.6% (seasonally and working day adjusted) for the first quarter of 2011, compared with the previous quarter). In the second quarter of 2011 a slight slowdown in growth to 0.5& is expected. Compared with the previous quarter, the first quarter of 2010 shows a growth of 3.5%, and compared with the second quarter of…

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