Stagnation Expected in Austria for 2011

Business › Economy ♦ Published: October 17, 2011; 17:16 ♦ (Vindobona)

Insecurity and a lack in foreign demand will cause a massive slowdown of the Austrian economy in 2012. Consumers and companies become more cautious.

Stagnation Expected in Austria for 2011 / Picture: © Vindobona.org

The deterioration of the economic environment of the previous weeks, which is reflected in the available indicators for the third quarter of 2011, has only allowed for a moderate economic growth in Austria between July and September.

Analysts from Bank Austria believe that Austria’s economic dynamics have decreased from 0.7 per cent in the second quarter to 0.2 per cent in the…

or Log In

Fast News Search
Related News
Austria´s Manufacturing Industry Maintains its Competitiveness (October 17, 2011)
Austrian Economy Cooling Down Rapidly (October 15, 2011)
Wifo/IHS: 2012 Brings Collapse of Economic Growth (September 30, 2011)
Public Debt Increased to 71.8% of GDP in 2010 (September 30, 2011)
GDP Growth below Expectations in Q2 (September 16, 2011)
Read More
Business Cycle, Economic Growth, Bank Austria, Forecasts, Private Consumption, Investments, Foreign Trade, Exports
Featured
See latest Vindobona Newsletter