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Business Indicator: Growing Geopolitical Uncertainty Levels the Economic Outlook Down
Bank Austria has published its latest "Business Indicator" on the Austrian economy. The analysts of Bank Austria believe, that after a weak first six months, the economic recovery continues to find it difficult to get out of the starting blocks. The growing uncertainty fuelled by the Russia-Ukraine crisis was reflected in another decline for Bank Austria’s Business Indicator in August. The indicator has been trending downwards slightly for half a year, and now sits at its lowest point since last summer of just 0.2 points.
Growing Geopolitical Uncertainty Levels the Economic Outlook Down / Picture: © UniCredit Bank Austria AG
The Bank Austria Business Indicator provides an overview of the current economic situation in Austria.
Growing geopolitical uncertainty levels the economic outlook down:
- Bank Austria Business Indicator falls to 0.2 points in August: lowest reading since summer 2013
- Russis crisis unsettles consumers, industry sentiment affected only in certain…
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