US EditionAustria Faces Slower Growth and Elevated Inflation as OeNB Highlights Impact of Energy Prices and Geopolitics
8 Articles
8 Articles
Mihály Varga spoke at a press conference about the forint weakening more than the regional level.
Due to the great uncertainty in the Iran war, the economists make several calculations. According to Governor Kocher, one should "not fall into panic"
According to the National Bank, the energy price shock caused by the Iran war will reduce domestic growth to 0.5 percent this year. Inflation should temporarily be above three percent again, which means a further billion-dollar budget hole, especially for the government.
Central Bank CEO Martin Kocher presents scenarios that mean a slight recession in Austria and a massive increase in inflation during a longer Iran war.
Austria Faces Slower Growth and Elevated Inflation as OeNB Highlights Impact of Energy Prices and Geopolitics
Oesterreichische Nationalbank (OeNB) Main entranceSource: OeNB (IN BRIEF) The Oesterreichische Nationalbank’s Interim Outlook for 2026–2028 projects modest economic growth for Austria, with GDP expected to increase by 0.5% in 2026 before gradually rising to around 1% in the following years. While the economy showed early signs of recovery, the escalation of conflict in the Middle East and rising energy prices have introduced significant uncertai…
VIENNA. Due to the Middle East war, the economic growth forecast for Austria falls to 0.5 percent. In the worst case, even a regressive recession would be possible.
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