VIENNA, March 22 (Xinhua) -- The Austrian Institute of Economic Research (WIFO) said on Friday that it expects the country's economy to stagnate this year amid high interest rates and the European economic downturn.
According to WIFO's latest predictions, Austria's GDP is expected to grow by only 0.2 percent in 2024, far below the institute's projection of a 0.9-percent growth in December.
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