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22.05.2023

The Austrian Economy in 2022

Geopolitical Tension, Energy Crisis and Inflation Shaped Economic Activity
Geopolitical changes and the energy crisis shaped the development of the global economy in 2022. Regionally, economic activity was heterogeneous, with rising uncertainty and supply shortages resulting in high price increases in many countries. Austria's economy continued to expand strongly in the first half of the year, but high inflation dampened consumer and investment demand as the year progressed.

Consumer price inflation rose to a peak of 11 percent in the autumn of 2022, leading to, among other things, real wage losses for employees. The Austrian federal government implemented extensive temporary and permanent relief measures to cushion the social and economic impact of inflation and the energy crisis on companies and private households.
  

Publications

WIFO-Monatsberichte
08.05.2023
Geopolitical Tension, Energy Crisis and Inflation Shape Economic Activity
The Austrian Economy in 2022
Download (PDF)
Finalization: April 2023
Specialist publication: WIFO-Monatsberichte
JEL-Codes: E32, E66

Please contact

Mag. Dr. Josef Baumgartner
Mag. Dr. Josef Baumgartner
Macroeconomics and Public Finance
+43 1 798 26 01 - 230 josef.baumgartner@wifo.ac.at
Dr. Jürgen Bierbaumer, MA
Dr. Jürgen Bierbaumer, MA
Macroeconomics and Public Finance
+43 1 798 26 01 - 239 juergen.bierbaumer@wifo.ac.at
Mag. Sandra Bilek-Steindl
Mag. Sandra Bilek-Steindl
Macroeconomics and Public Finance
+43 1 798 26 01 - 244 sandra.bilek-steindl@wifo.ac.at
Mag. Dr. Benjamin Bittschi
Mag. Dr. Benjamin Bittschi
Labour Economics, Income and Social Security
+43 1 798 26 01 - 215 benjamin.bittschi@wifo.ac.at
Mag. Dr. Christian Glocker, MSc
Mag. Dr. Christian Glocker, MSc
Macroeconomics and Public Finance
+43 1 798 26 01 - 467 christian.glocker@wifo.ac.at
Mag. Christine Mayrhuber
Mag. Christine Mayrhuber
Labour Economics, Income and Social Security
+43 1 798 26 01 - 269 christine.mayrhuber@wifo.ac.at
Dr. Margit Schratzenstaller, MA
Dr. Margit Schratzenstaller, MA
Macroeconomics and Public Finance
+43 1 798 26 01 - 204 margit.schratzenstaller@wifo.ac.at

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