US EditionOECD Forecast: Austria Threatens Third Consecutive Year of Recession
8 Articles
8 Articles
der Standard AT
der Standard DEAccording to the OECD, Austria's economy will shrink for the third consecutive year. Moreover, the world economy will grow by only 2.9 percent this year and next year.
The OECD joins the pessimistic forecasts and expects a decline of 0.3 percent next year. Economic growth is dampened worldwide. What are the reasons for this?
Economists from UniCredit-Bank-Austria have analysed the economic development of the federal states. They confirm the dreary economic situation, because in 2024, despite a global stabilization, there was a second decline in gross domestic product (GDP) in a row, growth by federal states only in Vienna. Unemployment rose in all countries. Prospects are delicate, industry and construction continue to suffer. And: US President Donald Trump is insec…
The main drags on growth are weak industrial performance and consumer restraint
The Organization for Economic Cooperation and Development (OECD) further reduced global growth projections, predicting that the slowdown will be concentrated in the United States, China and Mexico, but will also impact countries such as Colombia and Costa Rica. In its Economic Outlook report released on Tuesday, the Paris-based organization suggested that the global economy will slow down from 3.3 per cent in 2024 to 2.9 per cent in 2025. “The w…
According to the Organisation for Economic Development and Cooperation (OECD) 2025, Austria's economy will shrink for the third year in a row. GDP will decline by 0.3 percent, according to the OECD on Tuesday. In December, the OECD had still forecast growth of 1.1 percent. According to the organisation, there is an increase of one percent in 2026.
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