Austrian Economy Recovers Cautiously

BusinessEconomy ♦ Published: March 13, 2013; 19:35 ♦ (Vindobona)

At the moment, Austria´s economy still stagnates. In the first quarter of 2013, the economic growth rate only comes at 0.1%, the Austrian National Bank says.

Austrian Economy Recovers Cautiously / Picture: ©

Austria will not return to the recession. According to the business indicator of the Austrian National Bank (OeNB), the domestic economy stagnates, however. Moreover, the recovery will take more time than expected.

The economic growth rate comes at 0.1% in the first quarter of 2013, OeNB forecasts. In its latest report, OeNB anticipated a growth rate of 0.2% compared to the…