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Nowotny Sees Growth Potential in Eurozone and CEE

Published: January 14, 2014; 13:12 · (Vindobona)

According to Ewald Nowotny, governor of the Austrian National Bank (OeNB), the outlooks for economic upturn in the Eurozone and Central/Eastern Europe have improved significantly compared to only a year ago.

Nowotny Sees Growth Potential in Eurozone and CEE / Picture: © Agenda Austria 2020

“We will have a recovery,” Nowotny announced on Tuesday on the sideslines of the Euromoney conference in Vienna. While the economy in the Eurozone contracted 0.4 percent this year a positive growth rate of around one percent is expected and “there could be upward potential,” Nowotny added. Only Cyprus and Slovenia will see a shrinking economy. Some Eurozone member countries,…

This article includes a total of 250 words.

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