News – 09.08.2023
WIFO Business Cycle Report August 2023
According to the WIFO Flash Estimate, Austria's economic output declined in the second quarter of 2023, having previously
stagnated since mid-2022. In particular, the decline in gross value added in various service sectors, in construction and
in industry had a dampening effect. For the third quarter, leading indicators point to a renewed decline in GDP.
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