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Economy shrank by 3.9 percent in 2009

Published: July 16, 2010; 00:00 · (Vindobona)

The Austrian economy has shrunk even more in 2009 than previously expected.

This is the strongest negative since 1945

The Austrian economy has shrunk even more in 2009 than previously expected. The gross domestic product (GDP), according to Statistics Austria in real terms (adjusted for inflation) fell by 3.9 percent. This is the biggest drop since the end of World War II according to Statistics Austria. The Austrian Institute of Economic Research…

This article includes a total of 354 words.

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