February 13, 2017 / 9:27 AM / a year ago

Austrian GDP to grow 0.6 pct in Q1, 0.5 pct in Q2 -OeNB

VIENNA, Feb 13 (Reuters) - The Austrian National Bank (OeNB) said on Monday it expected gross domestic product to expand by 0.6 percent on a quarterly basis in the first quarter of 2017, slightly higher than its previous forecast, and by 0.5 percent in the April-June period.

The OeNB said lower investments, which had helped to power growth in 2016, were likely to be balanced out by higher exports, keeping Austria on a “stable growth path”.

In November it had forecast growth in the first quarter of this year to reach 0.5 percent. (Reporting By Shadia Nasralla; Editing by Gareth Jones)

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