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An employee of GSA Austria (Money Service Austria) stacks wads of 500 euro banknotes at the company's headquarters in Vienna July 22, 2013. The GSA delivers new and collects old currency for the Austrian National Bank. REUTERS/Leonhard Foeger (AUSTRIA - Tags: POLITICS BUSINESS) - RTX11V1S
Austria's economy shrank by 0.1% the third quarter from the previous quarter, think tank Wifo said on Friday, saying a downturn in the international economy caused domestic exports to shrink.
Wifo said the slowdown in export demand was reflected in a decline in domestic production of tangible goods.
The Vienna-based think tank added that GDP grew by 1.8% when compared to the prior-year period. (Reporting by Ozan Ergenay in Gdansk; Editing by Maria Sheahan)
