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Austrian economy contracted by 10.4% in second quarter - Wifo

Aug 28 (Reuters) - Austria’s economy shrank by 10.4% quarter-on-quarter during the second quarter, economic institute Wifo said on Friday, pointing to a decline in tourism, transport, trade, personal services and entertainment due to coronavirus-related measures.

The reading was revised up from an initial estimate for a decline of 10.7%, said Wifo, which compiles data for the government. (Reporting by Weronika Miotke in Gdansk; editing by Thomas Seythal)

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