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WIFO - Economy of the industrialized states in 2009 is suffering greatly from export decline

Published: June 2, 2010; 00:00 · (Vindobona)

The economic situation in the Austrian Provinces in 2009 was hit by the economic crisis especially the manufacturing sectors.

In the states with a high proportion of industry, which were particular engines of growth for the economy during the boom, is suffering from shrinking value added more seriously than in states with little industry shares.

The export economy suffered particularly under the 2009 recession in the developed provinces of Austria.

According to WIFO estimates, the region of…

This article includes a total of 257 words.

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