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Austrian economy continues to grow: exports spur growth

Economic Growth ©


March 3, 2011

Economic development more positive than in the EU

The Austrian economy continues to recover even though GDP growth slowed toward the end of last year. According to preliminary figures, GDP in real terms for 2010 rose by 1.9% compared to 2009. Austria is recovering more quickly than the euro-zone and the EU. However, within Europe, Germany – Austria’s most important trading partner – remained on top (GDP growth 4%).

This favorable economic trend in Austria was again supported by the export sector in the last quarter of 2010. Private consumer demand was stable over the entire year of 2010.