The global economic downturn in 2022 affected Austria in the third quarter of the year, but for the year as a whole Austria's GDP grew by 4.7 per cent due to strong economic activity in the first half of the year, according to the article written by Simon Peterman, CEE Factoring Competence Centre, Raiffeisen Factor Bank AG, Austria, and included in the most recent edition of the World Factoring Yearbook.
