ZCZC
BCN-16
AUSTRALIA-BANKING-ECONOMY-GROWTH
Austrian economy to grow 3.1 percent in 2018: central bank
VIENNA, June 18, 2018 (BSS/Xinhua) – The Austrian economy is expected to
expand at 3.1 percent year on year in 2018, higher than the previous forecast
of 2.8 percent, the central bank of Austria has said.
The central bank sees a positive situation for Austria’s economy, given
strong demand both domestically and abroad.
Investment also plays an important role in boosting the economy growth, as
Austria has the second highest investment rate in the eurozone, according to
local media.
The central bank expects the unemployment rate to drop to 5 percent this
year.
BSS/XINHUA/HR/1305