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17.01.2025
Competitive Disadvantages Slow Down Growth in the Austrian Economy
Update of the Medium-term Forecast 2025 to 2029
Trade conflicts, the weakness in Europe and structural disadvantages are slowing down the growth of the Austrian economy. However, supported by a moderate improvement in the international economy and stronger domestic private consumption, the Austrian economy will slowly recover from the recession in 2023-24. For 2025-2029, WIFO estimates average annual real GDP growth of +1 percent (Ø 2010-2019 +1.6 percent p.a.).
Over the entire forecast period, the Austrian economy will grow by 0.2 percentage points less than the euro area, with the latter lagging behind the USA by almost 1 percentage point per year.
Publications
WIFO Research Briefs
17.01.2025
Update of the Medium-term Forecast 2025 to 2029
Finalization: January 2025
Specialist publication: WIFO Research Briefs
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Macroeconomics and Public Finance
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Update of the Medium-term Forecast 2025 to 2029
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