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Stable Recovery of Austrian Economy

Published: December 3, 2010; 19:13 · (Vindobona)

The Oesterreichische Nationalbank (OeNB, Austrial National Bank) is assuming a growth of the economy of 1.9% for 2010. Further acceleration is possible for subsequent years.

Stable Recovery of Austrian Economy / Picture: © OeNB

The OeNB shows itself rather optimistic. In 2011 and 2012, growth is expected to accelerate (2.1% and 2.3%). "In comparison with our forecast of June 2010, the economic outlook is more favorable presently, even considering the measures implemented for budget consolidation", comments Governor Nowotny on the latest projection.

The upswing is driven mainly by exports. Domestic…

This article includes a total of 203 words.

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