Operation Glass Ball: Economic Forecasts in Trump's Times
9 Articles
9 Articles
Because the Iran war has completely unpredictable consequences for the domestic economy, the Wifo calculated three economic forecasts instead of just one. Forecast manager Markus Scheiblecker tells us why it is getting a bit bad or very bad this year.
In December, the economic researchers predicted growth of 1.2 percent. In view of the Iran war, the new forecast expects a downward revision.
Thousands of Styrians voted online on the hot irons of our federal state in the large "crown-reader survey", but the results for the Styrian economy are sobering. Almost two-thirds do not believe in a noticeable economic upturn. It had hardly begun to grow timidly, the Iran war caused the delicate economic plan to wither again: the prices at the pumps rose dramatically in the past weeks, especially for farmers and commuters complaining of massiv…
WIFO and IHS expect significantly lower growth. In addition to measures to combat inflation, they urge the rapid expansion of renewable energies.
Bad news for the domestic economy: The war in Iran and the massive increase in energy prices seem like a complete brake on Austria's economy. Wifo and IHS experts have now revised their expectations for 2026 downwards.
Economists are reducing their economic forecast for Austria due to the Iran war. The domestic economy is only expected to grow foam-absorbed this year. Economists are calling for further austerity measures.
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