Austria's GDP falls for 5th consecutive quarter

VIENNA, 5th September, 2024 (WAM) -- Statistics Austria said on Wednesday that the country's gross domestic product (GDP) contracted for the fifth consecutive quarter in the second quarter (Q2) of this year, indicating that Austria remains in a recession, Xinhua reports.

The central European country's GDP shrank by 0.6 percent in real terms in Q2 compared to the same quarter last year, extending the economic down