India, April 30 -- Austria's economy expanded for the first time in four quarters during the three months to January, led by growth in household consumption that offset the slump in investments, preliminary figures from the Austrian Institute of Economic Research, or WIFO, showed Tuesday.
Gross domestic product rose 0.2 percent quarter-on-quarter, to mark the first increase since first quarter of 2023, when the economy expanded a modest 0.1 percent.
The Austrian economy stagnated in the fourth quarter of 2023 after shrinking 0.3 percent in the third quarter and 1.3 percent in the second quarter.
Economic output decreased 1.3 percent year-on-year after a 1.4 percent fall in the previous three months.
Private consumption rebounded 1.3 per...