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Economic Growth to Slow Down in Second Half of 2011
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Real growth is predicted to fall to 0.3% in the third quarter. The forecast is based on reduced export prospects, a lower number of new orders and the euro crisis.

Growth of the Austrian economy is slowing down in the middle of the year 2011. In the second quarter, real GDP growth fell to 0.6% compared to the previous three months. The Austrian National Bank (OeNB) on Tuesday announced that the third quarter will bring a further decline to 0.3%. Weak export prospects, indicators such as the purchasing managers’ index and the crisis in several…
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