OeNB: Austrian Economy Returns to Growth

BusinessEconomy ♦ Published: January 18, 2013; 17:26 ♦ (Vindobona)

Today, Austria´s National Bank (OeNB) has presented the results of the economic indicators.

OeNB: Austrian Economy Returns to Growth / Picture: © Vindobona.org

In the fourth quarter of 2012, Austria´s GDP was down by 0.1% against the third quarter. As a result, prior forecasts had to be revised again. In total, Austria´s economic growth came at 0.6% last year. According to OeNB, the situation is expected to improve, however. At the beginning of 2013, the Austrian economy has found a bottom, OeNB says. In the first quarter, the Austrian…