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Economic Downturn Reaches Austria

Published: September 9, 2011; 20:40 · (Vindobona)

A current survey indicates an imminent deterioration of the Austrian economy. Researchers don’t expect a recession but a clear downward trend.

Economic Downturn Reaches Austria / Picture: © Vindobona.org

The results of the Wifo economy test, a monthly survey among 1,500 Austrian enterprises, show first signals of an economic slowdown. “We have not yet observed a shrinking economy but the trend is clearly negative”, said Marcus Scheiblecker, economy expert at the Austrian Institute of Economic Research (Wifo). “We are not talking about a recession, however, we cannot exclude the…

This article includes a total of 226 words.

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