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Austrian Economy Grows

15. November 2006

In the third quarter it increased again by 0.9% compared to the previous period.

”At the moment we are experiencing an export boom, and an investment boom as well, because capacities are working at full-strength“ explains Ewald Walterskirchen, an economic researcher for WIFO, the Austrian Institute of Economic Research. According to WIFO estimates, the country´s gross domestic product from July to September grew by 3.3% in comparison with the previous year. In addition to the export economy, the growth is heightened by domestic demand. Above all, investments are being attracted.