Austria's economy further weakens

BusinessEconomy ♦ Published: June 10, 2010; 00:00 ♦ (Vindobona)

The gross domestic product of Austria fell in the first three months of this year by 0.1 percent.

Austria's economy further weakens / Picture: ©

For the second quarter, WIFO (Economic Research Institute) expects an increase in GDP.

The Austrian economy shrunk by 0.1 percent in the first quarter of 2010, while in the fourth quarter of 2009 it only grew by 0.3 percent. Compared to the previous year, gross domestic product (GDP) increased slightly by 0.2 percent from January to March, after a fall of 1.2 percent in the…

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