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“Austria on its way out of economic slump”

Published: January 17, 2013; 14:43 · (Vindobona)

Increasing signs of economic turnaround: GDP contraction in final quarter of 2012, but economy will gradually gain momentum in 2013, Bank Austria reports.

“Austria on its way out of economic slump” / Picture: © Wikipedia / Werckmeister

At the beginning of the new year, the signs of an economic turnaround are becoming even clearer. "Following the stabilisation in recent months, the Bank Austria Business Indicator points to a burgeoning recovery in December, with an increase to minus 0.6 points. In a rare case of harmony, all components of the indicator showed improvement. The Austrian economy is on its way out of the…

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