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Turnaround for Austrian Economy?
Bank Austria´s business indicator states that the Austrian economy could return to growth. For the first quarter, a small growth rate is expected.
Turnaround for Austrian Economy? / Picture: © Vindobona.org
After the stagnation in the last quarter of 2011, the Austrian economy is seen to recover in the first quarter of 2012. Last year, GDP growth reached 3.3%, which was one of the highest growth rates in the euro-zone.
By contrast, the expected growth rate only reaches 0.8% in 2012. The Bank Austria business indicator rose again for the first time in six months. “With a rise to…
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