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Last Update: ،
2025/12/15
Time
06:07:30
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Latest News:
Foreign Minister Meets Outgoing Moroccan Charge d'Affaires
Hodeidah Governor Discusses Healthcare Support with Médecins Sans Frontières (MSF)
Rights Group Documents Over 4,000 Violations in Hadramout, Calls Them "War Crimes"
Hodeidah Governor Discusses Support for Health Sector with Médecins Sans Frontières
Yemen, UK discuss Issues of Common Concern
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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