Austrian economy to shrink 3.2% in 'moderate' coronavirus scenario - ONB
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VIENNA (Reuters) - Austria's economy will shrink 3.2% this year in the case of a "moderate" pandemic scenario, the country's central bank said on Tuesday, estimating that each week of lockdown cuts annual output by more than $2 billion.The Austrian National Bank (ONB) said the forecast for gross domestic product (GDP) was based on a scenario in which most coronavirus lockdown measures were lifted in the second quarter."First estimates by ONB forecasters point to a sharp decline in real GDP in..