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Austria: GDP 2.3% in 4Q 2018, but cooling down
Erste, weaker foreign demand and investments
30 January, 16:27
(ANSA) - BELGRADE, JAN 30 - The Austrian economy grew at
2.3% year-on-year in the last quarter of 2018 and the gross
domestic product growth for Austria last year was estimated at
2.7% according to a flash estimate of the Austrian Institute of
Economic Research, Erste Group Research informs today.
"Although still showing robust growth rates, the economy slowed down significantly compared to the first six months of the year," especially in "industrial activity and exports," Erste added, noting that "weaker foreign demand and investment dampened the GDP growth." The Austrian GDP grew by 3.6% in the first quarter of 2018, by 2.7% in the second and by 2.2% in the third quarter. "We expect the current slow-down in growth dynamics to continue in the coming months. For 2019 we forecast a robust GDP growth of 2.1%. For 2020 we expect further cooling down to 1.9%." Erste said.
(ANSA).
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"Although still showing robust growth rates, the economy slowed down significantly compared to the first six months of the year," especially in "industrial activity and exports," Erste added, noting that "weaker foreign demand and investment dampened the GDP growth." The Austrian GDP grew by 3.6% in the first quarter of 2018, by 2.7% in the second and by 2.2% in the third quarter. "We expect the current slow-down in growth dynamics to continue in the coming months. For 2019 we forecast a robust GDP growth of 2.1%. For 2020 we expect further cooling down to 1.9%." Erste said.
(ANSA).
