Medium-term Forecast for the Austrian Economy 2025 to 2029 in December 2024

Supported by a moderate improvement in the international economy and stronger domes-tic private consumption, the Austrian economy will slowly recover from the recession in 2023-2024. 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 0.2 percentage points less than the euro area, with the latter lagging behind the USA by almost 1 percentage point per year.