IMF: Austrian Growth Slabs

BusinessEconomy ♦ Published: September 20, 2011; 16:07 ♦ (Vindobona)

The IMF expects the Austrian economy to grow by 3.3% in 2011. Next year, GDP growth should fall to 1.6%.

IMF: Austrian Growth Slabs / Picture: © Wikimedia Commons [CC0 1.0] / Pixabay [CC0 Creative Commons]

Growth estimations by the IMF for Austria have been adjusted up to 3.3% for 2011, after 2.4%. For 2012, the IMF expects a growth rate of 1.6% after the initial estimation of 2.3%. In 2010, Austria´s GDP growth amounted to 2.3%.

Thus, the IMF´s estimation is beyond domestic calculations. The Austrian Institute of Economic Research (WIFO) and the Institute of Advanced Studies…