Following Slowdown in Growth, Sentiment Brightens in Austria. Business Cycle Report of March 2013

Demand and output in Austria edged down in the fourth quarter of 2012. The setback to growth was mainly attributable to the weak global economy and the associated decline in international capital and trade flows. At the beginning of 2013, global economic activity picked up again. Apart from the USA, the emerging market economies are the main drivers of this stabilisation.