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flag Austria's 2024 GDP contraction revised to 0.7%, down from 1.1%, due to weaker manufacturing.

flag Austria revised its 2024 GDP contraction to 0.7 percent, up from an earlier estimate of 1.1 percent, according to Statistics Austria, marking the second consecutive year of economic decline. flag The downturn was driven by sharp drops in manufacturing, especially in motor vehicles and computer products, with output falling 5.6 percent year-on-year. flag Despite ongoing industrial challenges, the revised figures indicate a slightly less severe contraction than previously reported.

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