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Austria: Slight Economic Growth
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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.
The added value was powered by the production of…
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