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Last Update: ،
2026/03/05
Time
06:55:29
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Latest News:
Aden Governor Reviews Plan for Establishing Industrial Zone in Al-Alam
Yemeni Ambassador Discusses Developments in Yemen with Cuban Deputy Foreign Minister
Marib Dep.G Launches Housing Project for Orphans with Turkish Funding
President al-Alimi Meets with Crisis Management Committee to Review Response Options to Regional Developments
Minister of Electricity discusses with UNDP joint cooperation
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:
expectations - contradicts - performance - forecasts - recession - prompting - indicated - SABA The - following - stronger -
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