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Last Update: ،
2025/10/04
Time
10:28:10
Latest News:
Yemen Ambassador Explores Cultural Cooperation with Arab World Institute in Paris
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Latest News:
Yemen Ambassador Explores Cultural Cooperation with Arab World Institute in Paris
Presidential Council Member Reaffirms Support for Economic Reforms
Rights Forum Holds Houthi Militia Directly Responsible for Blocking Yemen's Development
UAE President Receives Prime Minister in Beach Palace
EU condemns Houthi militias' attack on commercial ship flying Dutch flag in Gulf of Aden
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.
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