Nowotny Sees Growth Potential in Eurozone and CEE

People ♦ 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,…

or Log In

Fast News Search
Related News
CESEE: Lack in FDI Causes Modest Economic Growth (January 14, 2014)
Eurozone: Further Capital Injections at Banks Expected (January 9, 2014)
European Savers in Danger (January 4, 2014)
Austria: Bank Rescue Massive Burden for Public Finance (December 21, 2013)
Wifo: Austrian Economic Growth Still Sluggish (December 9, 2013)
Read More
Economic Growth, Eurozone, Slovenia, Cyprus, Germany, WIFO Austrian Institute of Economic Research, ECB European Central Bank, Banking Industry, OeNB Austrian National Bank, Ewald Nowotny, Leaders, Monetary Policy, CEE Central Eastern Europe, USA, UK United Kingdom, Bank of England, Euromoney
Featured
See latest Vindobona Newsletter