Austria's Economy in 2012: Negative Impact of Euro-area Recession

In 2012, the Austrian economy grew by 0.8 percent in real terms. Against a background of global decline, growth in Austria similarly flagged towards the year's end. World trade growth slowed down substantially in 2012. What growth there was mainly occurred in the exports and imports of threshold countries and the USA where growth was stable in 2012. GDP in the USA grew by 2.2 percent.