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Austrian Economy is Underperforming the Eurozone Average

Published: June 24, 2015; 15:30 · (Vindobona)

Ernst & Young's latest analysis on the Eurozone forecasts that the Austrian economy is to grow 0.7% in 2015, underperforming the Eurozone as a whole for the second consecutive year. Investment is expected to remain subdued, while the contribution of exports will be only marginal as a consequence of the modest external environment.

Ernst & Young: Austrian Economy is underperforming the Eurozone average / Picture: © Flickr

The Austrian economy is expected to underperform the Eurozone as a whole in 2015 for the second consecutive year.

Investment remains subdued, while the contribution of exports will be only marginal as a result of the modest external environment. GDP is forecast to grow by only 0.7% in 2015.

• Looking ahead, growth is seen picking up to 1.7% in 2016 and about 1.8%…

This article includes a total of 1346 words.

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