Recession remains mild, but there are warning signs

2023-12-03 11:04:00

Many indicators suggest that the economic situation in Austria will return to normal from next year. All five discussants in the final discussion round of the OÖN Money Day agreed on this positive basic assessment. “This recession will most likely remain mild. There might be positive growth rates once more from the second quarter of 2024,” said Teodoro Cocca, economics professor for asset management at the JKU.

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