Economic Indicator: Slow Recovery Expected

BusinessEconomy ♦ Published: May 16, 2012; 18:32 ♦ (Vindobona)

The Bank Austria business indicator indicates a slight upward trend. In the second quarter, economic growth is expected to reach 0.2%.

Economic Indicator: Slow Recovery Expected / Picture: © Wikimedia Commons [CC0 1.0] / Pixabay [CC0 Creative Commons]

According to Bank Austria, neither the unfavorable economic development in Southern Europe nor the persisting debt crisis are affecting the slight upward trend in Austria. The recent business indicator shows the fourth increase in a row. This shows the “remarkable robustness of the recovery of the Austrian economy in spite of difficult global frame conditions” Bank Austria´s chief…