Economic Report: „Reducing Dependence on Europe“

PoliticsDomestic ♦ Published: July 9, 2012; 16:38 ♦ (Vindobona)

Today, the Austrian government published its "Economic Report 2012".

Economic Report: „Reducing Dependence on Europe“ / Picture: © Wikimedia Commons / My Friend [CC BY-SA 3.0 (]

Last year, the Austrian government hoped that the economic boom will persist. Above all, the first half year of 2011 showed a substantial economic growth. In 2011, Austria´s GDP growth amounted to 3.0%.

This year, the forecasts are rather decent. The Austrian economy is expected to grow by 0.8% this year – in the best case. In 2013, the expected GDP growth ranges from 1.3% to…