Insolvencies: Stable Development Expected

BusinessEconomy ♦ Published: June 5, 2012; 12:13 ♦ (Vindobona)

In 2012, the number of Austrian business insolvencies is expected to remain stable. Whereas in Germany and the U.S. insolvencies are decreasing, Southern Europe faces a vast increase.

Insolvencies: Stable Development Expected / Picture: © Vindobona.org

In 2011, Austrian business insolvency figures decreased stronger than expected. The number of total insolvencies was down by 4%, which is above the forecast (-3.0%). The number of insolvent enterprises fell by 8.0%. This year, Austria´s insolvency number is expected to remain stable. After an economic growth rate of 3.0% last year, Austria is predicted to achieve only a 0.8% rate this…