Only 0.3% GDP Growth in Third Quarter

BusinessEconomy ♦ Published: December 9, 2011; 16:08 ♦ (Vindobona)

The Austrian GDP stagnates, which is due to decrease in domestic consumption. The only positive impetus comes from the export industry.

Only 0.3% GDP Growth in Third Quarter / Picture: ©

Against the third quarter of 2010, Austria´s economy grew by 2.7%. This is already significantly lower than the growth rate of the second quarter, in which a GDP growth of 4.0% has been observed. In the third quarter, private consumption only rose by 0.2% against the reference period. Public expenditures were up by 1.0%. Exports rose by 5.1%, imports increased by 4.1%. These data are…