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Austrian Economy Contracts 0.4% In Q2

Por: RTTNews Business July 28, 2023

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Austria's contracted in the second quarter after rebounding in the previous quarter, preliminary estimates from the WIFO economic institute showed Friday.Gross domestic product decreased 0.4 percent sequentially, after a 0.1 percent rise in the first quarter.On a yearly basis, GDP fell 0.3 percent in the June quarter, reversing a 1.8 percent rise in the March quarter.The expenditure-side breakdown showed that the final spending of private... + full article



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