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Austria and CEE: Slight Upward Trend
Real GDP in CEE to grow by 2.6 per cent in 2012, while GDP in eurozone set to shrink by 0.5 per cent. Austrian GDP to expand by 0.3 per cent.
Austria and CEE: Slight Upward Trend / Picture: © Vindobona.org
“Since the winter months the attitudes of business managers in Central and Eastern Europe (CEE) and in Austria have begun to improve,” reports Peter Brezinschek, Head of Raiffeisen Research, a unit of Raiffeisen Bank International AG (RBI). According to him, particularly the enhancement of economic prospects in Germany, which is by far the most important destination for exports of…
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