Austria May Escape the Crisis

BusinessEconomy ♦ Published: October 9, 2012; 18:35 ♦ (Vindobona)

According to the latest forecast by IMF, expected economic growth in Austria comes at 0.9% this year. In the CEE countries, an average economic growth of 2.0% is forecasted.

Austria May Escape the Crisis / Picture: ©

This year, Austria´s economy almost stagnates, IMF says and forecasts a GDP growth of 0.9%.

This is more optimistic than the latest forecasts published by domestic economic research institutes. WIFO expects a growth rate of 0.6% this year. IHS predicts a 0.8% growth rate in 2012. Next year, the Austrian economy should grow by 1.1%, IMF says.

As a result, Austria´s growth…