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OECD: CESEE Countries A Risk Factor for Austria

Published: November 27, 2012; 20:01 · (Vindobona)

Next year, Austria´s economy will only show a growth rate of 0.8%. Unemployment is estimated to increase further. CESEE countries would lower the grow prospects for Austria, OECD says.

OECD: CESEE Countries A Risk Factor for Austria / Picture: © Wikipedia / Congress of Vienna (Jean-Baptiste Isabey)

Today, OECD has published its six-monthly economic report. Austria´s economy will continue the stagnation, OECD said today. The economic forecast was revised substantially. Initially, OECD expected a growth rate of 1.6% for 2013. Now, GDP growth is forecasted not reach more than 0.8%. The forecast for 2014 is more optimistic. GDP growth will come at 1.8% then, OECD says. This year, the…

This article includes a total of 282 words.

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