WIFO Forecasts Economic Stabilization

BusinessEconomy ♦ Published: March 9, 2012; 12:38 ♦ (Vindobona)

The Austrian Institute of Economic Research (WIFO) expects a slight improvement in the Austrian economic development. Upward indicators become more significant.

WIFO Forecasts Economic Stabilization / Picture: © Vindobona.org

In the fourth quarter of 2011, the Austrian GDP was down by 0.1%. The reduction was dampened by gross investments and the persisting stability of private consumption. The industrial production declined sharply, however. The whole euro-zone registers a weak development.

In January, the economy became more stable, inflation is going down. In January, the inflation rate (2.9%) was…