Austrian economy contracted by 0.1% in Q3 – Wifo
Oct 28 (Reuters) – Austria’s economy shrank by 0.1% the third quarter from the previous quarter, think tank Wifo said on Friday , saying a downturn in the international economy caused domestic exports to shrink.
Wifo said the slowdown in export demand was reflected in a decline in domestic production of tangible goods .
The Vienna-based think tank added that GDP grew by 1.8% when compared to the prior-year period.
Reporting by Ozan Ergenay in Gdansk; Editing by Maria Sheahan
Austrian economy contracted by 0.1% in Q3 – Wifo.
Oct 28 (Reuters) – Austria’s economy shrank by 0.1% the third quarter from the previous quarter, think tank Wifo said on Friday, saying a downturn in the international economy caused domestic exports to shrink.
Wifo said the slowdown in export demand was reflected in a decline in domestic production of tangible goods.
Reporting by Ozan Ergenay in Gdansk; Editing by Maria Sheahan
