Stable Development of Austrian Economy Despite Persistent Debt Crisis

Overall, the latest data on the state of the global economy suggest that the upswing will continue; they are somewhat mixed, however. Growth remains robust in the USA, Latin America and South East Asia. Developments in the euro area, by contrast, continue to be characterised by the debt crisis. Irrespective thereof, the outlook for economic activity in Austria remains stable. Inflation receded slightly in March, and the number of persons in dependent active employment rose further in April.