Austrian Economy to Stagnate

Business › Economy ♦ 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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