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Austrian Industrial Sector Faces Uncertainties
The Austrian industries expect a stagnation of business. Economic growth is low, export growth will be decent. Moreover, the order stock is declining.
Austrian Industrial Sector Faces Uncertainties / Picture: © Vindobona.org
“At the moment, we face a difficult situation. From an economic point of view, we expect an economic growth of 0.8% in 2012 in Austria. The Eurozone is expected not to grow this year.” Manfred Engelmann ad WKO (Austrian Chamber of Commerce) said.
Besides this, the Austrian industries suffer from the decline in public expenses. Due to the austerity package, there is no…
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