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Austrian Economy to Stagnate
Domestic economy set to stagnate in the third quarter – chances of a slight upswing towards the end of 2012. Thanks to a good first half of the year, economic growth will come in at around 1 per cent in 2012.
Austrian Economy to Stagnate / Picture: © Vindobona.org
Following satisfactory development in the first half of 2012 in light of the difficult international environment, the domestic economy will face even harsher conditions in the coming months. The Bank Austria Business Indicator dropped again in July following the decline in June, and for the first time this year, it is sending negative signals. The decrease to -0.1 points underlines the…
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