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2013: Where Will Growth Come From?

Published: January 9, 2013; 14:04 · (Vindobona)

Where Will Growth in the Euro Zone and the US Come From? GDP growth in Austria is expected to reach 0.9% this year, Erste Group says.

2013: Where Will Growth Come From? / Picture: © Erste Group

The economic slowdown in the euro zone has begun a year ago already, but the trough appears not to have been reached yet. “Consumption and investment remain dampened due to the debt crisis. Thus growth impulses from abroad are required, especially for export oriented Germany”, says Mildred Hager, senior macroeconomic analyst at Erste Group. US consumption is going to support global…

This article includes a total of 624 words.

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