Austria could enter into technical recession next year, announced Friday the country's central bank, estimating that in 2012, economic growth could fall to 0.7%.
This year the Austrian economy had grown by over 3% in real terms, according to the bank.



"The emergence of a technical recession can not be excluded, even if sovereign debt crisis will not escalate," said the central bank, referring to economic performance decreases if the two quarters in a row.



"Despite good economic data, the Austrian national economy, export-oriented, we feel, clearly, the financial crisis, debt and trust," reads the central bank.