The Austrian Economy in 2010: Significant Recovery of Foreign Trade

The sharp fall in economic activity in 2009 gave way to a rebound in 2010. Global output, after receding by 0.6 percent, increased by about 5 percent. GDP in the USA rose by 2.9 percent, the first gain of more than 2 percent since 2006. Japan also enjoyed the strongest growth in many years (+3.9 percent), while the Chinese economy once again expanded by over 10 percent.