Problems on European Level as Burden for Austria

Business › Economy ♦ Published: February 9, 2012; 14:52 ♦ (Vindobona)

Over the last months, the European economy lost its impetus, which is a major burden for the Austrian economy.

Problems on European Level as Burden for Austria / Picture: © Vindobona.org

After an economically strong year 2011, the euro-zone faces a recession this year. This development worsens the outlook for the Austrian economy too. Although there are signs of stabilization, the Austrian economy is expected to stagnate in the first quarter of 2012. As a result, the labor market conditions deteriorate. In January, 318,000 persons were registered as unemployed, which is…

or Log In

Fast News Search
Related News
Foreign Trade Still Growing (February 7, 2012)
Austrian Government Debt Quota Declining Slightly (February 6, 2012)
Turnaround for Austrian Industry? (February 1, 2012)
Austerity: Leitl and Sorger Call for More Effort (January 27, 2012)
Low Growth Rates Expected after 2012 (January 23, 2012)
Read More
EU European Union, Economic Growth, Inflation, Unemployment, WIFO Austrian Institute of Economic Research, Exports, Austerity
Featured
See latest Vindobona Newsletter