International Recession Hurts Eastern Region the Least

  • Norbert Geldner
  • Peter Mayerhofer
  • Gerhard Palme

Economic activity is relatively little differentiated by provinces, but shows a clear pattern by major regions. The West (–1.0 percent) suffered more from the global recession than the East (–0.4 percent), with positive growth in the Burgenland. The South is in a serious crisis, especially in Carinthia economic activity declined.