Wifo: Austrian Economy Sees Upturn

Politics ♦ Published: October 4, 2013; 14:53 ♦ (Vindobona)

Today the Austrian Institute for Economic Research (Wifo) has released its prognosis for 2013 and 2014. The institute sees the first signs of an economic recovery.

Wifo: Austrian Economy Sees Upturn / Picture: © Vindobona.org

According to Wifo, the unsecurities of the financial markets have decreases and enterprises are becoming more optimistic in regard to a further favorable development. After the decline of economic performance in the Eurozone since the year 2011, the second recession seems to have ended. Even within the domestic economy the outlook improves, however, the increasing forces are still…