Economic Report 2011: Government Surprised by Quick Recovery

Politics ♦ Published: July 8, 2011; 22:35 ♦ (Vindobona)

Experts praise Austria’s relatively stable performance during the years of crisis and call for reforms necessary for ensuring the country’s competitiveness.

Economic Report 2011: Government Surprised by Quick Recovery / Picture: © Vindobona.org

Austria has quickly left the economic crisis behind. Germany was the main growth engine again, after the Austrian economy had been driven for years by a strong development of business in Eastern Europe. The government on Friday presented its Economic Report 2011 and announced that the budget deficit in 2011 and 2012 would be smaller than previously expected as a result of the economic…

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