Upper Austria shook off the effects of the Covid crisis best last year – ahead of Vienna and Lower Austria.
The industrial state of Upper Austria recovered the fastest from the effects of the Corona crisis in the previous year: gross value added there rose by no less than 6.2 percent. Vienna and Lower Austria follow with plus 5.3 percent. In Austria as a whole, the increase was 4.4 percent (graph).
Tourist countries are recovering more slowly
According to the Wifo study, the tourist regions lagged behind: in Tyrol the economy grew by 1.3 percent and in Salzburg by 2.7 percent. In all federal states, the production of goods rose by ten to 22 percent. The construction sector also recovered strongly and even trade saw an increase in employment and turnover despite repeated restrictions.
Source: Krone
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
