Only Small Increase in Exports in 2012

BusinessEconomy ♦ Published: December 6, 2011; 10:38 ♦ (Vindobona)

After a substantial growth in 2011, OECD expects only a slight rise in Austrian exports.

Only Small Increase in Exports in 2012 / Picture: ©

This year, Austrian exports will grow by about 11.0%. For the next year, the increase will only reach 3.5%. According to Walter Koren, head of the Foreign Trade Office (AWO=, 2011 will be an all-time high in foreign trade. Exports will amount to € 121.4bn. This corresponds to a growth rate of 11%. Hence, the record year of 2007 with exports of € 117.5 will be exceeded. However, the…