Austria's economy faces a recession with GDP declining for six straight quarters, despite low inflation.

Austria's economy is in a recession, with its GDP declining for six consecutive quarters, most recently by 0.6% in Q3 2023. The manufacturing sector fell by 3.7%, and both imports and exports declined significantly. Despite these challenges, inflation in November dropped to 1.9%, below the European Central Bank's target of 2%.

4 months ago
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