Wifo/IHS: 2012 Brings Collapse of Economic Growth

Business › Economy ♦ Published: September 30, 2011; 12:26 ♦ (Vindobona)

The research institutes cut their growth forecasts for the Austrian economy by 50%. Unemployment numbers are expected to increase.

Wifo/IHS: 2012 Brings Collapse of Economic Growth / Picture: © Calculation

In 2012, the growth rate of the Austrian economy will be the lowest in eight years, according to the Austrian Institute of Economic Research (WIFO) and the Institute of Advanced Studies (IHS). In their forecasts published today, the institutes predict a real growth rate of only 0.8% and 1.3%, respectively. Up to now, they had expected a plus of 1.8% and 2.1%,…

or Log In

Fast News Search
Related News
IMF: Austrian Growth Slabs (September 20, 2011)
GDP Growth below Expectations in Q2 (September 16, 2011)
Wifo Cuts Growth Forecast for 2012 (August 31, 2011)
IHS: No Zero Deficit until 2021 (August 24, 2011)
Economic Report 2011: Government Surprised by Quick Recovery (July 8, 2011)
Economic Upswing Continues: Wifo and IHS Expect 3% Growth (July 1, 2011)
Read More
Economic Growth, GDP Gross Domestic Product, WIFO Austrian Institute of Economic Research, IHS, Forecasts, Unemployment
Featured
See latest Vindobona Newsletter