© T. Q./Unsplash
05.03.2021
2020 Recession: Austria in Country Comparison
Current WIFO Research Brief by Stefan Schiman
In Austria, economic output declined relatively sharply in 2020 compared to other OECD and EU countries and especially Germany and Switzerland. A recent WIFO Research Brief shows that most of the country variation can be attributed to differences in pandemic-related behavioural changes due to lockdowns and social distancing as well as to the different importance of tourism-dependent services for the overall economy.
For Austria, these two factors fully explain the depth of the recession. The difference to the development in Germany is mainly due to the higher importance of tourism for the domestic economy.
Publications
WIFO Research Briefs
05.03.2021
Finalization: March 2021
Specialist publication: WIFO Research Briefs
Please contact
Macroeconomics and Public Finance
Further news
Exchange with Bulgarian Journalists on Austria's Experience in the Euro Area
15.10.2025
Videos: Research Seminars with Gabriel Ahlfeldt and Stefanie Peer
10.10.2025
Video: Research Seminar with Susanna Bolz
07.10.2025
Video: Research Seminar with Karolina Bassa
02.10.2025
Video: Research Seminar with Peter H. Egger
01.10.2025
Video: Research Seminar with Michael Pfaffermayr
30.09.2025
Results of the WIFO-Konjunkturtest (Business Cycle Survey) of September 2025
29.09.2025
WIFO's Head of Public Relations Becomes the First Science Spokesperson to Top the Ranking
25.09.2025
Research Group Labour Economics, Income and Social Security
15.09.2025
Video: Deputy Director of WIFO Honoured in the Category of Economics
12.09.2025
Telephone Exchange and Reception
29.08.2025
Retail Business Cycle Report in Cooperation with the Austrian Retail Association
22.08.2025
WIFO Simulations: Targeted Cost Containment of 2.7 billion € in the Pension Sector Requires a Stronger Increase
18.08.2025
Results of the WIFO-Konjunkturtest (Business Cycle Survey) of July 2025
30.07.2025
Research Group Macroeconomics and Public Finance
21.07.2025