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Austrian Economy Recovers Slowly
The Austrian Central Bank (OeNB) sees signs of a recovery. A recession is not expected.
Austrian Economy Recovers Slowly / Picture: © Wikimedia Commons [CC0 1.0] / Pixabay [CC0 Creative Commons]
After an economic decrease in the last quarter of 2011, the first quarter of 2012 shows growth rates again. In the fourth quarter 2011, a decline of 0.1% against the third quarter was observed. The economic indicator of OeNB shows growth rates of 0.2% and 0.3% for the first and second quarter of 2012. Thus, OeNB does not expect a recession. The economy recovers on a low level, OeNB…
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