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Austrian Economy Growing Faster than Eurozone Average
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OeNB has revised its growth forecast for 2011 upwards to 3.2%. Lower rates are expected for 2012 and 2013.

As expected already, the Austrian national bank (OeNB) has raised its growth rate predictions for the Austrian economy for 2011, but retained the figures for 2012. A real growth of 3.2% is now expected for this year. In 2012 and 2013, the economic development will then slow down. The growth rate is forecast to amount to 2.3% and 2.4%, respectively, which is still above the Austrian…
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