Austria: Economic Growth Slowly Getting in Gear

Politics ♦ Published: March 27, 2014; 12:41 ♦ (Vindobona)

Wifo (Austrian Institute of Economic Research) projects economic growth in Austria to revive again only at the end of this year.

Economic growth in Austria is continuing to stand on the brake. / Picture: ©

Growth will still be restrained at the end of this year and the beginning of next, which is also the case for Europe as a whole as many countries have not yet fully overcome the financial crisis. The necessity to consolidate public households has a dampening effect on the upward trend.

The Austrian economy, according to Wifo, is expected to growth by 1.7 percent in 2014 and by…