Austria Business Forecast Report Q3 2013 - New Market Study Published
Despite poor Q113 real GDP readings, which showed a decline in year-on-year (y-o-y) growth of 0.6%, we believe that the Austrian economy will be one of the outperformers in the eurozone during the course of 2013 and into 2014. This is a result of a reasonably strong services export base, as well as an uptick in private consumption. We forecast real GDP growth of 0.8% in 2013, followed by 1.5% in 2014, compared to the eurozone average of -0.3% and...
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