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Austrian Central Bank Expects Economic Stabilization
Austria´s budget deficit is expected to decrease, the economic growth should increase slightly.
Austrian Central Bank Expects Economic Stabilization / Picture: © Vindobona.org
After an economic growth of 0.9% in 2012, the GDP should soar by 1.7% in 2013 and by 2.1% in 2014, OeNB says. Austria´s growth will be mainly based on investment expenditures and foreign trade. Public expenses will stagnate, however. Private consumption is predicted to grow slightly.
Regarding the household income, a slight increase is expected. Last year, real household income…
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