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2012 Brings Stagnation for Austrian Economy
According to Bank Austria´s economic indicator, Austrian economic growth will only reach 0.8% this year.
2012 Brings Stagnation for Austrian Economy / Picture: © Vindobona.org
After a stagnation at the end of 2011, Bank Austria forecasts slight growth in the first quarter of 2012. This can be seen as first signs of stabilization.
“After a massive downside movement, which began in spring 2011, the Bank Austria economic indicator did not worsen anymore. However, the economic growth will remain very weak in 2012.”, the chief economist Stefan…
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