Austria: OeNB Forecasts Modest Economic Growth

People › Other ♦ Published: January 24, 2014; 15:05 ♦ (Vindobona)

According to the Austrian National Bank (OeNB) economic growth in Austria only came at 0.3 percent last year.

Austria: OeNB Forecasts Modest Economic Growth / Picture: © Wikimedia Commons [CC0 1.0] / Pixabay [CC0 Creative Commons]

The figure is less than anticipated previously where a growth rate of 0.4 percent was forecast. 2013 has therefore hit rock bottom in the current economic cycle. However, the Austrian economy in 2014 will only follow the path of a moderate economic recovery with growth rates coming at up to 1.6 percent and 1.9 percent next year.

According to the central bank, economic growth…

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