Economic Upward Trend Continued in Second Quarter

Business › Economy ♦ Published: August 16, 2011; 14:15 ♦ (Vindobona)

From April to June, Austrian GDP grew by 1% compared to the first three months of 2011 while the euro zone average was only 0.2%.

Economic Upward Trend Continued in Second Quarter / Picture: © Calculation

The Austrian economy continued to show a strong development in the second quarter of the year while Germany and France recorded only little or no economic growth at all. Wifo and Eurostat on Tuesday reported that the Austrian GDP increased by 1% against the period from January to March. According to Eurostat, the year-on-year growth rate was 3.9% in the first quarter 2011 and 4.1% in…

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