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WIFO: Economic Outlook for Austria Worsens
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According to the Austrian economic research institute WIFO, the economic framework conditions indicate a further slowdown.
WIFO: Economic Outlook for Austria Worsens / Picture: © Vindobona.org
This year, the Austrian economy is expected to show a growth rate of 0.6%. Next year, GDP growth should reach 1.0%. Against the prior forecasts of June, the estimations were lowered again. IHS is less pessimistic. This year, GDP should grow by 0.8% and by 1.3% next year.
WIFO underlines that the riskiness of the risk environment is still differentiated. The crisis in the Eurozone…
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