Business - Economy

Slight Slowdown of Austria’s Economy

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…

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Slight Slowdown of Austria’s Economy

According to the Austrian National Bank (OeNB), economic growth slowed down temporarily at the turn of the year.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.