Global Economic Downturn Hits Austria. Economic Outlook for 2022 to 2024

Stefan Ederer and Christian Glocker
Additional contact information
Christian Glocker: WIFO

WIFO Reports on Austria, 2023, issue 1

Abstract: The international economic downturn also affected the Austrian economy in the second half of 2022. GDP is expected to decline in the winter half-year. Stimulus from foreign trade is expected to revive in spring 2023. The gradual easing on the energy markets is dampening inflation and should contribute to an improvement in sentiment over time and a pick-up in economic activity. In 2022, Austria's economic output will grow by 4.7 percent. In 2023, GDP is expected to largely stagnate (+0.3 percent), while in 2024 growth will increase to 1.8 percent.

Keywords: Business Cycle Report; Economic Outlook; Forecast (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.wifo.ac.at/wwa/pubid/70612 abstract (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wfo:repoau:y:2023:i:1

Access Statistics for this article

More articles in WIFO Reports on Austria from WIFO Contact information at EDIRC.
Bibliographic data for series maintained by Florian Mayr ().