Worsening Economic Outlook for 2012

BusinessEconomy ♦ Published: January 4, 2012; 17:14 ♦ (Vindobona)

Economists and analysts expect a massive fall in Austrian economic growth for 2012.

Worsening Economic Outlook for 2012 / Picture: © Vindobona.org

The economic research institutes lower their economic forecasts for 2012. As the GDP data for 2011 are not available yet, analysts and economists believe that economic growth for last year will not be a strong as expected. Until summer 2011, economic growth performed well. But the euro-crisis and the new bank crisis are still unsolved problems. The order intake of enterprises is going…