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IHS: Austria Has Bottomed Out
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Austria faces a trend reversal, the Austrian Institute of Advanced Studies (IHS) says. The real debt level in Austria totals 200%, Keuschnigg says.
IHS: Austria Has Bottomed Out / Picture: © Wikimedia Commons [CC0 1.0] / Pixabay [CC0 Creative Commons]
This year, Austria´s economic growth will come at 0.7%, HIS says. In 2013, the growth rate is only marginally higher. IHS forecasts a GDP growth rate of 0.8%. In 2015, Austria´s economic growth rate is anticipated to increase to 1.8%. Christian Keuschnigg, head of IHS comments that Austria has reached the low in the fourth quarter of 2012.
In the Eurozone, GDP will shrink by…
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