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Last Update: ،
2026/02/12
Time
04:46:13
Latest News:
Planning Minister seeks greater development partnership with EU
Minster of Higher Education swears-in before President al-Alimi
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Latest News:
Planning Minister seeks greater development partnership with EU
Minster of Higher Education swears-in before President al-Alimi
Ambassador Al-Asbahi and Moroccan Minister of Economic Integration Discuss Strengthening Cooperation
Leadership Council Member Al-Aradah Emphasizes Women's Role in Decision-Making
Yemen Ambassador Meets Minister of Royal Office in the Sultanate Of Oman
Austrian central bank expects 0.3 percent growth in 2025
[13/09/2025 06:31]
VIENNA-SABA
The Austrian Central Bank expects the local economy to record a slight growth in GDP of 0.3 percent for the current year 2025, thus avoiding entering a third year of recession, following stronger than expected economic performance in the first half of the year.
The bank's governor, Martin Kocher, stated that the local economy recorded slight growth in the first six months of 2025 after nearly two years of recession, which contradicts previous expectations that indicated a slight decline, prompting a revision of current forecasts.
The Austrian Central Bank expects the local economy to record a slight growth in GDP of 0.3 percent for the current year 2025, thus avoiding entering a third year of recession, following stronger than expected economic performance in the first half of the year.
The bank's governor, Martin Kocher, stated that the local economy recorded slight growth in the first six months of 2025 after nearly two years of recession, which contradicts previous expectations that indicated a slight decline, prompting a revision of current forecasts.
Key words:
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