Austrian Economy: IHS and WIFO Cautiously Optimistic

Business › Economy ♦ Published: December 21, 2012; 00:18 ♦ (Vindobona)

The two Austrian economic research institutes anticipate an economic recovery in the second half of 2013.

Austrian Economy: IHS and WIFO Cautiously Optimistic / Picture: © Vindobona.org

WIFO´s director Karl Aiginger expects that the overall economic situation in Austria will improve in the course of next year. The estimated GDP growth is 1.0%. In 2014, WIFO forecasts an economic growth rate of 1.8%. Aiginger argues that the leading indicators signal an end of the downward trend. Moreover, the situation of the financial markets has stabilized, Aiginger says.…

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