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Cautious Growth Forecasts for Austrian Economy in 2013
Austria's economic research institutes predict an economic rebound from 2013. Consulting firm Ernst & Young has also forecast slight growth for Austria in 2013.
Cautious Growth Forecasts for Austrian Economy in 2013 / Picture: © Vindobona.org
The Austrian Institute of Economic Research (Wifo) and the Institute for Advanced Studies (IHS) have recently presented their economic forecasts for 2013. Both institutes agree that the economy reached its low point in the fourth quarter 2012; from 2013 Austria’s economy should bounce back slightly and grow by 0.8% (IHS) or 1% (Wifo). GDP growth for 2012 is around 0.6 or 0.7%.
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