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Economic Growth to Slow Down Significantly
Industry and consumer sentiment is at its lowest level since mid-2010. The GDP growth rate is predicted to fall to 1.8% in 2012.
Economic Growth to Slow Down Significantly / Picture: © Vindobona.org
Bank Austria’s economic research department expects the Austrian economy to cool down in the second half of the year. Although the analysts reckon that a double-dip recession is unlikely, they argue that most recent economic data clearly indicated the risk of a prolonged international downturn, which would harm Austria’s economic prospects. The Bank Austria Business Indicator…
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