Austria: Strong Growth Again in the Third Quarter 2010

BusinessEconomy ♦ Published: November 12, 2010; 09:29 ♦ (Vindobona)

According to the latest flash estimate of the Austrian Institute of Economic Research (WIFO), Austria's economy again expanded in the third quarter of 2010 by 0.9% over the previous quarter (after +1.2% in the second quarter).

Austria: Strong Growth Again in the Third Quarter 2010 / Picture: © Vindobona.org

The recovery of the Austrian economy continued according to the recent flash estimate of WIFO for the quarterly national accounts in the third quarter: the GDP expanded 0.9% -seasonal and working days adjusted- compared with the previous quarter (after +1.2% in the second quarter and 0% in the first quarter), while the unadjusted real level of the previous year was…