Continuous Slow-down of Economic Growth in the Course of 2001

Throughout 2001, economic growth in the USA, Japan and the European Union was clearly losing momentum. In line with this development, Austria also recorded a marked slow-down in its pace of economic growth. While the economy had still been growing at a rate of 3 percent in 2000, macroeconomic output increased by no more than 1 percent in real terms in 2001.