Austria: Moderate Economic Upturn

Politics ♦ Published: July 5, 2013; 13:25 ♦ (Vindobona)

After one year of a phase of stagnation, the Austrian economy shows recovery, according to the results of economic indicator by the OeNB (Austrian National Bank).

Austria: Moderate Economic Upturn / Picture: ©

The Austrian economy is currently leaving phase of one year of stagnation behind. However, the recovery of the economy is very moderate compared to earlier phases of upturn. According to the results of the economic indicator by the Austrian National Bank, the economy will grow significantly below the long-term average growth rate of 0.5 percent with 0.2 percent in the second quarter of…