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Economic Recovery According to WIFO Still a Long Way Off in Austria
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4 Articles
The Austrian economy remains in a difficult situation: the manufacturing sector remains in recession, and a third increase in electricity prices has pushed inflation above the eurozone average. According to the latest Wifo report, only public services and related sectors are showing growth, while pessimism dominates despite a slight improvement in business sentiment.
Economic Recovery According to WIFO Still a Long Way Off in Austria
While the economy in the eurozone has largely stabilized, Austria remains in a phase of stagnation, according to the latest economic report from the Austrian Institute of Economic Research (WIFO). Domestic growth is stagnating, the labor market is weakening, and inflation is rising again more sharply. Industry in particular is in a prolonged recession, while only public services are showing momentum.
The Austrian economy is still showing no signs of a lasting recovery. The manufacturing sector is in recession, while only public services are recording dynamic growth, the Austrian Institute of Economics (WIFO) announced, which published an updated report on the state of the economy on Monday, reports APA. Although business sentiment has improved slightly recently, pessimism prevails in the economy overall. A combination of several economic mea…
Economic recovery is not in sight in Austria. Electricity prices drive inflation, the increase in the age of women shows positive effects
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