Slight Improvement for Austria’s Economy in 2013/14

Politics ♦ Published: March 21, 2013; 12:08 ♦ (Vindobona)

IHS (Institute of Advanced Studies) and Wifo (Austrian Institute of Economic Research) forecast a sluggish growth for Austrian’s economy.

Slight Improvement for Austria’s Economy in 2013/14 / Picture: © Vindobona.org

Austria’s economy, according to IHS and Wifo, is to further recover this and next year. However, the environment will still be unstable and the growth rate will only increase tentatively. Estimates that were carried out in December 2012 by IHS and Wifo have not changed ever since. Wifo predicts a real economic growth rate of 0.8 % for 2013. In 2014, the GDP is supposed to increase…

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