Austrian Economy Grows Slowly

BusinessEconomy ♦ Published: May 15, 2012; 15:38 ♦ (Vindobona)

After a period of stagnation, the Austrian economy showed a small growth rate of 0.2% in the first quarter of 2012.

Austrian Economy Grows Slowly / Picture: © Wikimedia Commons [CC0 1.0] / Pixabay [CC0 Creative Commons]

Against the fourth quarter of 2011, the Austrian GDP grew by 0.2% (in real terms) in the first three months of 2012. This is the result of an analysis by WIFO (Austrian Institute of Economic Research). All components were slightly positive, WIFO explains. Exports were up by 0.7%, imports rose by 0.5%. As a result, foreign trade brought a slightly positive impulse for the Austrian…