Stable Development of Austrian Economy

Politics ♦ Published: May 10, 2012; 15:16 ♦ (Vindobona)

The Austrian Institute of Economic Research (WIFO) forecasts a decent, but stable economic growth in 2012.

Stable Development of Austrian Economy / Picture: ©

Despite the persisting debt crisis, the global economic situation indicates a slight economic growth. All in all, the indicators are not consistent, WIFO says. In the U.S., in Eastern Asia and in South America, the growth is still robust. However, the Eurozone is still coined by the debt crisis. The public debt situation would still weaken the real economy. WIFO argues that the…