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Austria: World War Ii
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Austria has achieved sustained economic growth. During the 1950s, the average annual growth rate was more than 5% in real terms and averaged about 4.5% through most of the 1960s. In the second half of the 1970s, the annual average growth rate was 3% in real terms, though it averaged only about 1.5% through the first half of the 1980s before rebounding to an average of 3.2% in the second half of the 1980s. At 2%, growth was weaker again in the first half of the 1990s, but averaged 2.5% again in the period 1997 to 2001. After real GDP growth of 1.4% in 2002, the economy grew again only 0.7% in 2003, with 2001-2003 being the longest low-growth period since World War II. In 2004, Austria’s economy recovered and grew 2.0%, driven by booming exports in response to strong world economic growth, but it declined to 1.8% growth in 2005.
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The 1955 Austrian State Treaty ended the occupation of Austria following World War II and recognized Austria as an independent and sovereign state. In October 1955, the Federal Assembly passed a constitutional law in which "Austria declares of her own free will her perpetual neutrality." The second section of this law stated that "in all future times Austria will not join any military alliances and will not permit the establishment of any foreign military bases on her territory." Since then, Austria has shaped its foreign policy on the basis of neutrality.
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Austria's current national anthem was chosen after World War II to replace the traditional Austrian anthem by Joseph Haydn. The composition, which was initially attributed to Mozart, was most likely not composed by Mozart himself.
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After World War II, Austria was again separated from Germany. Austria's best result came in 1954, when they finished third after losing the semifinal to eventual champion Germany. It was their best result ever, and unfortunately the last time for decades that Austria reached the end round of a major tournament.
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In 1943, the Allies agreed to reestablish an independent Austria at the end of World War II. In 1945, Austria was conquered by Soviet and American troops, and a provisional government was set up under Karl Renner. The pre-Dollfuss constitution was restored with revisions; the country was divided into separate occupation zones, each controlled by an Allied power.
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