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Austria Might Prevent Recession Scenario
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According to the Austrian Institute of Economic Research (WIFO), Austria´s economic performance remains weak.
Austria Might Prevent Recession Scenario / Picture: © Vindobona.org
The macro-economic situation remains difficult, WIFO states. In the third quarter, Austria´s economic growth was not negative, however. Last week, Austrian National Bank´s (OeNB) governor Ewald Nowotny explained that Austria faces a recession.
Nevertheless, Austria´s economic growth will remain very weak, WIFO. Both domestic demand and foreign demand are flattening. Moreover,…
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