(Reuters) - Austria's economy shrank by 0.1% the third quarter from the previous quarter, think tank Wifo said on Friday, saying a downturn in the international economy caused domestic exports to shrink.
(Reuters) – Austria’s economy shrank by 0.1% the third quarter from the previous quarter, think tank Wifo said on Friday, saying a downturn in the international economy caused domestic exports to shrink.
Wifo said the slowdown in export demand was reflected in a decline in domestic production of tangible goods.
The Vienna-based think tank added that GDP grew by 1.8% when compared to the prior-year period.
(Reporting by Ozan Ergenay in Gdansk; Editing by Maria Sheahan)
Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products:
