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WIFO: Austrian Economy to Grow Slowly
In the next years, Austria´s economy will recover gradually, the Austrian Institute of Economic Research says.
WIFO: Austrian Economy to Grow Slowly / Picture: © Wikimedia Commons [CC0 1.0] / Pixabay [CC0 Creative Commons]
In the next years, Austria will not face a recession, WIFO reports. After a small economic growth rate of 0.6% last year, the GDP is expected to increase by 1.0% this year. In the consecutive years, the average economic growth rate is expected to come at 1.8%. However, GDP growth will never be higher than 2.0%, the research institute said.
Besides that, the unemployment quota…
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