Economy in free fall: Wifo and IHS demand, states and municipal association are ready

The longest recession in the Second Republic continues. Austria's economy is slowed down by weak industrial exports, consumer restraint, new government austerity plans and US tariffs. Wifo and IHS have massively lowered their economic forecast for 2025 on Thursday and expect a third year of recession.

VIENNA. Wifo and IHS are calling for courageous reforms from the government and backlog in wage negotiations

Wifo and IHS draw a dramatic picture of the domestic economy and call for wage and pension waivers.

The longest recession of the Second Republic continues. IHS CEO Felbermayer calls for a "rendezvous with reality" and tough reforms.