VIENNA (Thomson Financial) - Austria's exports in 2007 are likely to rise around 9 pct year-on-year despite the challenges posed by a stronger Euro, according to the Austrian Institute for Economic Research (Wifo).
The Austrian daily Der Standard cited WIFO researcher Franz Hahn as saying that the impact of the rising Euro on Austria's exports will be comparatively limited as the country's dollar-related exports are dwarfed by those to the Euro-zone.
The long-term rise in the Euro has led to massive productivity gains in Europe's industrial sector and helped the continent to improve its positioning in global economic competition, according to Bernhard Felderer of Vienna's Institute for Higher Education (IHS).
peter.klopf@thomson.com
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