Cautious Economic Revival Continuing

The latest data on the global economic situation, while generally suggesting a continuation of the upswing, are somewhat mixed. Growth in the USA and in South-East Asia remains robust, although it appears to have moderated in the first quarter. Private demand in the euro area continues to be subdued. Austria's GDP grew at a seasonally and working day adjusted quarter-on-quarter rate of 0.4 percent in the fourth quarter of 2009.