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Austrian Economy on Moderate Growth Course
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Bank Austria Forecasts table growth until summer followed by chances of an upswing. Austria could achieve GDP growth of 0.8 percent in 2012 and 2 percent in 2013.
Austrian Economy on Moderate Growth Course / Picture: © Vindobona.org
Just like the weather, the economic climate in Austria is changeable at the moment, but the outlook is becoming brighter all the time. "In March the Bank Austria Business Indicator rose for the third time in a row to 0.4 points. After a six month period during which the indicator weakened, the sustained upward trend confirms our expectation of a slow economic recovery in Austria", said…
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