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Slowdown expected in the third quarter

Published: July 13, 2010; 00:00 · (Vindobona)

A return to recession is not expected according to economists at Bank Austria, but the peak was now surpassed.

After a setback in the previous month, the Bank Austria-economic indicator rose to the highest level since March 2008. The "fairly mild summer sun begins to lose its power," as put by the bank in a press release on Tuesday. A return to recession is not expected.

The economic indicator with 2.3 points lies well above the value collected in May. The indicator was driven by the…

This article includes a total of 214 words.

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