Austrian Economic Growth Slows Down

BusinessEconomy ♦ Published: November 15, 2011; 18:43 ♦ (Vindobona)

According to the Austrian Institute of Economic Research the aggregate output grew by 0.3% against the previous quarter. Exports are weakening.

Austrian Economic Growth Slows Down / Picture: ©

The Austrian economy moves towards stagnation. Against the previous quarter, the growth rate only amounted to 0.3%. Against the third quarter of 2010, the Austrian GDP grew by 2.6% (compared to 3.9% in the second quarter 2011).

Already the second quarter showed a significant slowdown in dynamics (0.5% growth after 0.9% in the first quarter). Thus, the slowdown continues also in…