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Austria: “Things are improving, but only slowly”
“The decline in the fourth quarter of 2012 is old news.” Austria’s economy growing moderately again in the first quarter, Bank Austria says. Economic growth in 2013 to be slightly higher than last year.
Austria: “Things are improving, but only slowly” / Picture: © Uni Credit Group Bank Austria
Conditions in the Austrian economy have improved further since the beginning of the year. The Bank Austria Business Indicator climbed to minus 0.2 points in January. After the poor development in the autumn, this puts the indicator back where it was last summer, during which the Austrian economy expanded moderately. Sentiment in the domestic economy has turned, and is signalling that…
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