Austrian economy expected to grow 0.4 percent in Q1
(MENAFN) Economic indicators by the Austrian Nationalbank (OeNB) show that the country's economy is expected to grow by 0.4 percent in the first quarter and 0.5 percent in the second, Xinhua reported
The expected growth is mainly the result of improved exports due to global economic recovery. Exports in the fourth quarter of last year expanded 1.1 percent
Central and Eastern European countries are demonstrated as driving forces behind the growth in exports
The OeNB said: "The improving outlook for export sales will lead to a recovery of investment and give the industrial sector that has been stagnating for two years new impetus.
The expected growth is mainly the result of improved exports due to global economic recovery. Exports in the fourth quarter of last year expanded 1.1 percent
Central and Eastern European countries are demonstrated as driving forces behind the growth in exports
The OeNB said: "The improving outlook for export sales will lead to a recovery of investment and give the industrial sector that has been stagnating for two years new impetus.
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