Business - Economy

Austrian Economy to Stagnate

Published: September 14, 2012; 19:41 · (Vindobona)

In the third quarter of 2012, economic growth in Austria will come to zero, Bank Austria says.

Austrian Economy to Stagnate / Picture: © Uni Credit Group Bank Austria

Austria´s economy performs rather weak, UniCredit Bank Austria says. Nevertheless, in the whole year a small growth rate is still possible. In 2012, a GDP growth of 1.0% is expected.

According to WIFO (Austrian Institute of Economic Research) and IHS (Institute of Advanced Studies), the growth forecasts are less optimistic. In 2013, GDP growth should reach 1.2%. Last month, Bank…

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Austrian Economy to Stagnate

In the third quarter of 2012, economic growth in Austria will come to zero, Bank Austria says.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.