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Austria Faces No Recession Yet

Published: August 14, 2012; 18:40 · (Vindobona)

According to a flash estimate for the second quarter of 2012, the Euro area and EU27 GDP was down by 0.2%.

Austria Faces No Recession Yet / Picture: © Flickr

GDP fell by 0.2% in both the euro area1 (EA17) and the EU271 during the second quarter of 2012, compared withthe previous quarter, according to flash estimates published by Eurostat, the statistical office of the European Union. In the first quarter of 2012, growth rates were 0.0% in both zones.

Compared with the same…

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