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Austria’s GDP May Continue to Stagnate in First Half, Wifo Says

Austria’s economy may continue to stagnate in the first half of this year, according to the Wifo economic research institute, which compiles gross domestic product figures for the Alpine republic’s government.

“Economic growth probably slowed again in the fourth quarter of 2011” as “weak development in the euro area reduced foreign impulses” on the Austrian economy, the Vienna-based institute said in an e-mailed statement today.

“The future development is considered less favorable than the current situation,” Wifo said. “This suggests a continuation of stagnation in the first half.”

Wifo is scheduled to report a flash estimate for fourth-quarter GDP on Feb. 15.

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