IHS: Austria Grows Faster Than Eurozone

People ♦ Published: July 26, 2012; 16:59 ♦ (Vindobona)

The Austrian Institute of Advanced Studies expects an average economic growth of 1.7% until 2017.

IHS: Austria Grows Faster Than Eurozone / Picture: © Institut für Höhere Studien - Institute for Advanced Studies

According to IHS, Austria´s economy will recover significanlty in the medium term From 2012 to 2016, the average economic growth should reach 1.7% per year. This year, Austria´s GDP growth is forecasted to amount to 0.8%. Next year, a growth rate of 1.7% is anticipated. The rest of the period should bring an average economic growth of 2.0%. As a result, Austria´s economy will growth…