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Dismal Prospects for Construction Industry
According to WIFO (Austrian Institute of Economic Research), the Austrian construction industry will face stagnation in 2012.

Forecasts for the Austrian construction industry were lowered by WIFO. In 2012, revenue growth will only reach 0.4%, the research institute says. The Institute of Advanced Studies (IHS) is barely more optimistic – only a growth rate of 0.5% is expected.
WIFO considers that light building construction faces slight growth rates. The civil engineering sector, however, would…
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