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Last Update: ،
2025/10/26
Time
12:13:27
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Latest News:
Tariq Saleh Emphasizes Role of Preachers, Guides, and Scholars in Building Cohesive Society
Four Civilians Killed or Injured in Houthi Landmine Explosion in Hodeidah
Leadership Council Chairman Leaves Aden to Lead High-Level Consultations with Stakeholders
Trade Minister Discusses Cooperation with WTO Director-General
Prisoners' Authority Condemns Houthi Rulings to Execute 3 Civilian Detainees and Imprison 14 Others
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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