US EditionAustria Overcomes Recession, But Inflation Remains High
12 Articles
12 Articles
The recession of the last two years has been over, but real upswing can be expected in Austria. Wifo and IHS recommend a moderate wage and price policy to fight inflation. The 2020s otherwise threaten to become a "lost decade".
Economic experts are raising their economic forecast for the current year. According to Wifo, Austria's economy was expected to grow at zero or, according to IHS, "mini-plus of 0.1 percent, now an increase of 0.3 and 0.4 percent is expected. The longest economic downturn of the Second Republic would be history. The inflation forecast for this year, on the other hand, is significantly increasing the economists.Economic recovery through private co…
After two years with a shrinking economy, Austria can record a small growth again this year, according to Wifo and IHS. However, the recovery is slow and difficult.
The economic forecasts for this year and 2026 promise a return to growth. But in the longer term the prospects for Austria's economy remain very subdued. And the budget gives little room for stimulus.
The longest economic downturn in the Second Republic should soon be history. Experts from Wifo and IHS expect minimal economic growth this year. Inflation remains 3.5 percent high this year.
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