FILE PHOTO: People walk through a shopping plaza decorated for the holidays in the city centre of Sydney, Australia, December 17, 2020. REUTERS/Loren Elliott
July 30, 2021
(Reuters) – Austria’s economy grew by 4.3% in the second quarter, a flash estimate from think tank Wifo showed on Friday, citing an increase in consumer demand and a recovery in the services sector amid easing of COVID-19-related restrictions.
Gross domestic product (GDP) growth resumed after two negative quarters, added Wifo, which compiles data for the government, noting that a recovery of the industrial economy also continued in the period.
The Vienna-based think tank said GDP grew by 11.4% when compared to the prior-year period.
(Reporting by Elizaveta Gladun in Gdansk; Editing by Maria Sheahan)
Source: One America News Network
