Slight Slowdown of Austria’s Economy
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According to the Austrian National Bank (OeNB), economic growth slowed down temporarily at the turn of the year.
Slight Slowdown of Austria’s Economy / Picture: © OeNB
The results of the OeNB economic indicator show a growth of 0.4% for the real GDP in the fourth quarter of 2010. The OeNB considers this as a not atypical and only temporary slowdown after a period of strong growth, not unusual for a recovery period. This is definitely not a sign of a renewed collapse of the economy.
Although goods exports to the new EU Member States had a…
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