News – 12.05.2021
WIFO Business Cycle Report May 2021
The global economy remains on course for recovery. While
GDP in China and the USA increased in the first quarter of 2021, economic output in the euro area decreased compared with
the previous quarter. However, confidence indicators from April also point to a recovery in the euro area. In Austria, business
sentiment brightened across the board, including in the service sector. Inflation picked up in March due to the increase in
the cost of energy products.