Austria: Slight Economic Growth

BusinessEconomy ♦ Published: November 14, 2013; 11:08 ♦ (Vindobona)

The Austrian Institute for Economic Research (Wifo) has forecast an increase of the macroeconomic production by 0.2 percent in real terms compared to the previous quarter.

Austria: Slight Economic Growth / Picture: © Wikimedia Commons [CC0 1.0] / Pixabay [CC0 Creative Commons]

In a flash estimate Wifo has determined economic growth in Austria of 0.2 percent after stagnation in the first half year. On an annual comparison this means a growth rate of 0.7 percent. Economic weakness still concerns all important demand components, however, gross investments increased slightly while export are still weak.

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