Nearly all Federal Provinces have Overcome the Economic Slump

Business › Economy ♦ Published: May 11, 2011; 12:29 ♦ (Vindobona)

Strong demand from abroad will keep industry humming along. According to Bank Austria, Upper Austria and Vorarlberg have the brightest prospects for growth.

Nearly all Federal Provinces have Overcome the Economic Slump / Picture: © Vindobona.org

The Austrian economy staged an impressive comeback in 2010 in the wake of the recovery in global demand, posting 2.0 per cent GDP growth. In a current study, Bank Austria Economics outlined the effects of the global upswing on the Austrian provinces. Helmut Bernkopf, Head of Corporate & Investment Banking at Bank Austria, had this to say: "The good news is that the Austrian federal…

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