Austria in the 1970s

  • Elisabeth Barker


Austria moved into the 1970s well placed to compete successfully with the advanced industrial nations of Europe. At the end of 1971, the head of the Austrian Economic Research Institute forecast that the rate of economic growth would continue to be above the European average; that in 1972 Austria would overtake Britain in terms of Gross National Product per head, and at the end of the 1970s would catch up West Germany and Switzerland. The Austrian growth rate, which was 7.1 per cent in 1970, was 5.5 per cent in 1971, and was expected to run at 4 per cent in 1972, compared with an estimated 3 per cent for the European countries belonging to the Organisation for Economic Cooperation and Development.378


Foreign Worker Foreign Minister East European Country Socialist Party Social Partnership 
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© Elisabeth Barker 1973

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  • Elisabeth Barker

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