Off the wire
• Chinese writers call for equality in literature exchange  • Urgent: U.S. stocks extend losses on downbeat GDP data  • U.S. consumer sentiment falls to 6-month low  • Russia eyes more cooperation with China by linking development strategies  • 1st LD Writethru: Gold up on Greece uncertainty  • Urgent: U.S. dollar mixed amid disappointing GDP data  • Commentary: Blue Helmets help safeguard root of human beings' common destiny  • Iran not to discuss inspecting military sites in nuclear talks: negotiator  • Half of British households own tablets: report  • Deposits not much affected by lifting of capital controls: Cypriot Central Bank  
You are here: 　 Home

Austria records 0.1 pct Q1 GDP growth: economic institute

Xinhua, May 30, 2015 Adjust font size:

The Austrian economy remained very close to stagnation for the first quarter of 2015 with just 0.1 percent real GDP growth, the Austrian Institute of Economic Research (WIFO) confirmed on Friday.

The result remains unchanged from a brief assessment WIFO made in April. Year-on-year the first quarter managed a slightly better 0.3 percent growth.

The figures continue a gloomy trend for the Austrian economy, with zero growth recorded in both the third and fourth quarters of 2014.

WIFO said the slight growth from January to March came in large part due to a 0.2 percent increase in consumption demand, while investments continued in the negative.

Additionally domestic demand on the whole continues to remain "very weak," the institute stated. Endit