Stagnation Expected for Austria

BusinessEconomy ♦ Published: December 17, 2011; 16:49 ♦ (Vindobona)

The Austrian economy is weakening steadily into the New Year. The Bank Austria Business Indicator continued to decline in November turning slightly negative as in the previous month.

Stagnation Expected for Austria / Picture: ©

The Austrian economy has been caught in a downturn since the middle of 2011, which has not yet bottomed out. However, the pace of the economic downturn is no longer accelerating. In our opinion the economy is definitely not in a free fall as it was during the crisis in 2008/2009.

Nevertheless, the general sentiment remains subdued in the Austrian economy and continues to…