Austria Falls In Recession in 2012

BusinessEconomy ♦ 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: ©

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…