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The Austrian Central Bank's (OeNB) latest 'Prognosis' forecasts real Gross Domestic Product (GDP) growth of +1.6% for 2010. GDP is expected to grow by +1.8% in 2011 and by +2.1% in 2011.
Considering the gravity of the economic crisis, Austrian unemployment levels are remarkably low compared to other European Union (EU) countries and remain at half the average EU unemployment rate.
The unemployment rate is expected to reach 5% in 2010 and 5.1% in 2011. It is then expected to remain at that level during 2012.
To read the full Prognosis in German language please click here