BNP: Austrian Economy Recovers

BusinessEconomy ♦ Published: March 26, 2012; 15:29 ♦ (Vindobona)

GDP in Austria contracted slightly in Q4 2011 as exports fell, but weak growth is likely to have resumed at the beginning of 2012, says BNP Paribas.

BNP: Austrian Economy Recovers / Picture: ©

In its Global Outlook BNP Paibas also looks to the Eurozone country Austria. Exports should benefit from the return of economic growth in Germany and demand from emerging countries, BNP said. Weak growth expectations in the eurozone should weigh on investment in 2012. However, the capacity utilisation rate remains at a historically high level which, together with the slight pick-up in…