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GDP Growth below Expectations in Q2
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The real growth rate was revised downwards to 0.7%. Wifo expects a normal slowdown but no economic crisis.

In the second quarter of 2011, the Austrian economy grew at a lower rate than had previously been expected. In real terms, the GDP improved by only 0.7% compared to the first three months of the year. The Austrian Institute of Economic Research (Wifo) had forecast a rate of 1.0%.
Furthermore, the institute also revised the real GDP growth rate for the first quarter. It was…
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