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Austria’s economy not improving

Austria’s economy not improving

The overall outlook for Austria’s economy is pessimistic, at least for the remainder of 2012, according to analysts at Bank Austria. The economy showed negative growth of 0.1% for July, for the first time this year. Analysts see the trend largely as a spill-over from the recession in several major EU countries. An early resolution […]

Austria: Island of Stability? – Part One

Austria: Island of Stability? – Part One

With Europe in crisis, Austria can count itself lucky. The country has outperformed the rest of the European Union in these economic hard times. The recession of 2009 was not as deep – Austria’s economy shrank by 3.9% of the Gross Domestic Product (GDP), compared to the EU average of -4.2%. And Austria’s return to […]

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