Economic Upswing Continues: Wifo and IHS Expect 3% Growth

Business › Economy ♦ Published: July 1, 2011; 12:28 ♦ (Vindobona)

Both research institutes revised their forecast for the current year upwards. Economic risks are also predicted to increase.

Economic Upswing Continues: Wifo and IHS Expect 3% Growth / Picture: © Vindobona.org

According to the Institute of Economic Research (Wifo) and the Institute for Advanced Studies (IHS), the Austrian economy continues to perform well. Due to substantial growth in the global economy, export volume keeps growing and the amount of investments in equipment is also expected to increase in the forecast period. Wifo predicts GDP growth of 3.0% for 2011, and a rate of 1.8% for…

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