Slight Slowdown of Austria’s Economy

BusinessEconomy ♦ Published: January 22, 2011; 11:39 ♦ (Vindobona)

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…