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Austria GDP Shrinks On Weak Household Spending

Por: RTTNews Business January 31, 2023

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Austria's contracted for the first time in a year in the fourth quarter due to a fall in private consumption, preliminary estimates from the WIFO economic institute showed Tuesday. Gross domestic product decreased 0.7 percent sequentially, in contrast to the 0.2 percent increase in the third quarter. This was the first decline since the fourth quarter of 2021.On a yearly basis, GDP growth improved to 2.7 percent from 2.0 percent in the... + full article



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