WIFO: Economic boom persists, but also risks

Business › Economy ♦ Published: December 20, 2010; 19:33 ♦ (Vindobona)

The export-driven boom of the Austrian economy continues. Growth will however slow down in the first half of 2011.

WIFO: Economic boom persists, but also risks / Picture: © Vindobona.org

For the year 2011, the WIFO (Austrian Institute for Economic Research) expects economic growth of 2.2% and 2012 of 2.0% for Austria. Exports, particularly those of the manufacturing industry, are the main driver of the economy. The upswing is only slowly spreading over to investments, but it contributes to an improvement in the situation on the labor market and the government…

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