Austria: Economic Recovery Continues

BusinessEconomy ♦ Published: October 1, 2010; 13:32 ♦ (Vindobona)

OeNB economic indicator: After the exceptionally strong economic recovery for the first half year, the Oesterreichische Nationalbank (OeNB) expects sustained high economic dynamics in Austria for the second half year.

Austria: Economic Recovery Continues / Picture: © OeNB

Economic growth in both the third and the fourth quarter will be above the long-term average, but will weaken slightly towards the end of the year.

According to the latest results of the OeNB's economic indicator, a growth rate of the real GDP of 0.9% and 0.6% (seasonally and working day adjusted, as compared to the previous quarter) is to be expected for the third and fourth…