Austria's news in English

Editions:  Europe · Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Austria's economic growth stable

Share this article

Photo: APA
11:50 CEST+02:00
Austria's economy grew slightly less than anticipated at the beginning of the year, but the upswing was stable, according to the economic think tank Wifo on the weekend.

In the first quarter of 2014, the gross domestic product (GDP) was only 0.2 percent higher than in the fourth quarter of 2013, said Wifo. Originally, 0.3 percent was expected.

Between October and December last year, the GDP increased by 0.4 percent compared to the previous quarter. This meant that while economic growth was not speeding up, it was stable, according to Wifo.

The experts also said that the warm and dry winter contributed to increased economic activity in the outdoor sectors. However, private consumption in Austria remained low.

Share this article

From our sponsors

How to see the very best of Europe this summer

Forget flying! The best way to see Europe is via bus and rail. Oh, and it's usually cheaper and often faster than taking to the skies. The Local rounds up some top tips for planning your next European adventure.