Business - Economy

Austria Falls In Recession in 2012

Published: November 22, 2011; 11:34 · (Vindobona)

According to analysts of Raiffeisen Research, the Austrian economy could shrink by 0.5% in 2012. Up to now, only a small growth rate has been expected by economists.

Austria Falls In Recession in 2012 / Picture: © Vindobona.org

The economic forecasts for Austria become worse, a recession seems to become more and more probable. In 2012, Austrian economic growth will become negative, Raiffeisen Research states. After an economic growth of 3.2% this year, the decrease of Austria´s GDP should reach 0.5% (in real terms) next year. Already this quarter will show a negative growth rate of 0.1%. The first quarter of…

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Austria Falls In Recession in 2012

According to analysts of Raiffeisen Research, the Austrian economy could shrink by 0.5% in 2012. Up to now, only a small growth rate has been expected by economists.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.