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2024

Austria's hyperinflation contained but business sentiment remains bleak: WIFO

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VIENNA, Aug. 8 (Xinhua) -- Austria's hyperinflation has been contained, with the inflation rate coming down closer to the eurozone average in the past months, but business sentiment in the country remains "extremely pessimistic," the Austrian Institute of Economic Research (WIFO) said on Thursday.

High inflation, driven by "buoyant demand for leisure and tourism services, fiscal policy measures and strong wage i