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Austria: OeNB Increases Growth Forecast for 2013

Published: August 30, 2013; 10:22 · (Vindobona)

The Austrian National Bank (OeNB) has slightly increased its growth forecast for Austria in 2013 from 0.2 percent to 0.5 percent. Govenor Nowotny said there was a better development than expected in the second quarter.

Austria: OeNB Increases Growth Forecast for 2013 / Picture: © Wikipedia / Christian Wirth (Wirthi)

The economic development in Austria will depend strongly on the one in Germany, Ewald Nowotny, Govenor of the Austrian National Bank (OeNB) stressed. Germany showed a positive development by comparison and was an economic “growth engine”. Furthermore, the Eurozone finally has come out of recession and now there was a quarter with positive growth, according to him.

The…

This article includes a total of 231 words.

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