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Turnaround for Austrian Economy?

Published: February 14, 2012; 19:09 · (Vindobona)

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…

This article includes a total of 253 words.

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