{"id":182634,"date":"2024-03-23T07:14:27","date_gmt":"2024-03-23T06:14:27","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/182634\/"},"modified":"2024-04-26T10:25:28","modified_gmt":"2024-04-26T08:25:28","slug":"where-does-austria-stand-in-the-fifth-year-of-multiple-crises","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/182634\/","title":{"rendered":"Where Does Austria Stand in the Fifth Year of Multiple Crises?"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-182634","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"A Macroeconomic Analysis","text":"The multiple crises since 2019 \u2013 the COVID-19 crisis, the supply chain crisis, the energy price shock \u2013 hit the Austrian economy harder than other countries. The real value of GDP per capita \u2013 a measure of the average purchasing power of income from the production of goods and services \u2013 was 2.2 percent lower in 2023 than in 2019. In contrast, the euro area recovered more quickly. The real value of GDP per capita there is already 1.6 percent higher in 2023 than in 2019. Austria will not reach its pre-crisis level until 2025 at the earliest. Despite above-average employment growth, the number of hours worked per capita is falling in Austria, which is putting pressure on the real value of GDP per capita. Despite government support measures, the volume of consumption per capita will be 2 percent below the pre-crisis level in 2023.","onlinedate":"2024-03-07 00:00:00","lang":"German","publication_series":"","publication_date":"20240307","publication_date_year":"","publication_date_full":true,"publication_num_pages":"","keywords":"[]","jelcodes":"[\"E20\",\"E23\",\"E24\"]","related_publications":"[\"67d543d8-059f-443d-858e-e2e23ecd806b\",\"fff7f8af-bd9f-46fe-8f3a-d1de52cc4891\",\"fd1bd8bf-6c4b-4656-bcd4-dfd3e2a9b961\",\"0d01d024-8f42-4aba-a7c6-784605f69111\"]","pdf":264268,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"97","monthly_report_pages":"99-113","monthly_report_pages_sort":"99","issue":"2","journal":"WIFO-Monatsberichte","publisher":"","invisible":false,"external":false,"embargo_date":"2024-03-07 00:00:00","types":[44312],"research_groups":[],"collaboration":"","persons":[4986],"persons_data":"[{\"personId\":4986,\"personName\":\"Gabriel Felbermayr\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"
Felbermayr, G.<\\\/span> (2024). Wo steht \u00d6sterreich im f\u00fcnften Jahr multipler Krisen? Eine makro\u00f6konomische Betrachtung<\\\/span>. WIFO-Monatsberichte<\\\/em><\\\/span>, 97<\\\/em>(2), 99-113.<\\\/div>\",\"vancouver\":\"
Felbermayr G<\\\/span>. Wo steht \u00d6sterreich im f\u00fcnften Jahr multipler Krisen? Eine makro\u00f6konomische Betrachtung<\\\/span><\\\/span><\\\/span>. WIFO-Monatsberichte<\\\/span>. 2024 Mar 7;97(2):99-113.<\\\/div>\",\"bibtex\":\"
@misc{e804e4bf6d8d416e9c43ef93a97f545a,<\\\/div>
title = \\\"Wo steht {\\\\\\\"O}sterreich im f{\\\\\\\"u}nften Jahr multipler Krisen?: Eine makro{\\\\\\\"o}konomische Betrachtung\\\",<\\\/div>
abstract = \\\"Die multiplen Krisen seit 2019 \u2013 COVID-19-Krise, Lieferkettenkrise, Energiepreisschock \u2013 haben die {\\\\\\\"o}sterreichische Volkswirtschaft h{\\\\\\\"a}rter getroffen als andere L{\\\\\\\"a}nder. Der Realwert des BIP pro Kopf \u2013 ein Ma{\\\\ss} f{\\\\\\\"u}r die durchschnittliche Kaufkraft der Einkommen aus der Produktion von G{\\\\\\\"u}tern und Dienstleistungen \u2013 lag 2023 um 2,2\\\\% unter dem Niveau von 2019. Der Euro-Raum hat sich hingegen schneller erholt. Dort war der Realwert des BIP pro Kopf 2023 schon um 1,6\\\\% h{\\\\\\\"o}her als 2019. {\\\\\\\"O}sterreich wird den Vorkrisenwert fr{\\\\\\\"u}hestens 2025 erreichen. Trotz {\\\\\\\"u}berdurchschnittlichen Besch{\\\\\\\"a}ftigungswachstums sinkt in {\\\\\\\"O}sterreich die geleistete Arbeitszeit pro Einwohner:in, was den Realwert des BIP pro Kopf unter Druck setzt. Trotz staatlicher St{\\\\\\\"u}tzungsma{\\\\ss}nahmen lag der reale Konsum pro Kopf 2023 um 2\\\\% unter dem Vorkrisenniveau.\\\",<\\\/div>
keywords = \\\"Makro{\\\\\\\"o}konomie, Wirtschaftsentwicklung\\\",<\\\/div>
author = \\\"Gabriel Felbermayr\\\",<\\\/div>
note = \\\"Multiple Krisen\\\",<\\\/div>
year = \\\"2024\\\",<\\\/div>
month = mar,<\\\/div>
day = \\\"7\\\",<\\\/div>
language = \\\"Deutsch\\\",<\\\/div>
volume = \\\"97\\\",<\\\/div>
pages = \\\"99--113\\\",<\\\/div>
journal = \\\"WIFO-Monatsberichte\\\",<\\\/div>

}<\\\/p><\\\/div>\",\"ris\":\"

TY - GEN<\\\/p>

T1 - Wo steht \u00d6sterreich im f\u00fcnften Jahr multipler Krisen?<\\\/p>

T2 - Eine makro\u00f6konomische Betrachtung<\\\/p>

AU - Felbermayr, Gabriel<\\\/p>

N1 - Multiple Krisen<\\\/p>

PY - 2024\\\/3\\\/7<\\\/p>

Y1 - 2024\\\/3\\\/7<\\\/p>

N2 - Die multiplen Krisen seit 2019 \u2013 COVID-19-Krise, Lieferkettenkrise, Energiepreisschock \u2013 haben die \u00f6sterreichische Volkswirtschaft h\u00e4rter getroffen als andere L\u00e4nder. Der Realwert des BIP pro Kopf \u2013 ein Ma\u00df f\u00fcr die durchschnittliche Kaufkraft der Einkommen aus der Produktion von G\u00fctern und Dienstleistungen \u2013 lag 2023 um 2,2% unter dem Niveau von 2019. Der Euro-Raum hat sich hingegen schneller erholt. Dort war der Realwert des BIP pro Kopf 2023 schon um 1,6% h\u00f6her als 2019. \u00d6sterreich wird den Vorkrisenwert fr\u00fchestens 2025 erreichen. Trotz \u00fcberdurchschnittlichen Besch\u00e4ftigungswachstums sinkt in \u00d6sterreich die geleistete Arbeitszeit pro Einwohner:in, was den Realwert des BIP pro Kopf unter Druck setzt. Trotz staatlicher St\u00fctzungsma\u00dfnahmen lag der reale Konsum pro Kopf 2023 um 2% unter dem Vorkrisenniveau.<\\\/p>

AB - Die multiplen Krisen seit 2019 \u2013 COVID-19-Krise, Lieferkettenkrise, Energiepreisschock \u2013 haben die \u00f6sterreichische Volkswirtschaft h\u00e4rter getroffen als andere L\u00e4nder. Der Realwert des BIP pro Kopf \u2013 ein Ma\u00df f\u00fcr die durchschnittliche Kaufkraft der Einkommen aus der Produktion von G\u00fctern und Dienstleistungen \u2013 lag 2023 um 2,2% unter dem Niveau von 2019. Der Euro-Raum hat sich hingegen schneller erholt. Dort war der Realwert des BIP pro Kopf 2023 schon um 1,6% h\u00f6her als 2019. \u00d6sterreich wird den Vorkrisenwert fr\u00fchestens 2025 erreichen. Trotz \u00fcberdurchschnittlichen Besch\u00e4ftigungswachstums sinkt in \u00d6sterreich die geleistete Arbeitszeit pro Einwohner:in, was den Realwert des BIP pro Kopf unter Druck setzt. Trotz staatlicher St\u00fctzungsma\u00dfnahmen lag der reale Konsum pro Kopf 2023 um 2% unter dem Vorkrisenniveau.<\\\/p>

KW - Makro\u00f6konomie<\\\/p>

KW - Wirtschaftsentwicklung<\\\/p>

M3 - WIFO-Schriftenreihen<\\\/p>

VL - 97<\\\/p>

SP - 99<\\\/p>

EP - 113<\\\/p>

JO - WIFO-Monatsberichte<\\\/p>

JF - WIFO-Monatsberichte<\\\/p>

ER - <\\\/p><\\\/div>\"}","scientific_assistance":"[\"Steiner Martha\"]","scientific_review":"[\"Scheiblecker Marcus\"]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"\nWhere Does Austria Stand in the Fifth Year of Multiple Crises? - WIFO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wifo.ac.at\/en\/publication\/182634\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Where Does Austria Stand in the Fifth Year of Multiple Crises?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/182634\/\" \/>\n<meta property=\"og:site_name\" content=\"WIFO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WIFOat\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-26T08:25:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO-Gebaeude-FotoAlexanderMueller-www.alexandermueller.at-IMG_6326-Bearbeitet-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@WIFOat\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/182634\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/182634\\\/\",\"name\":\"Where Does Austria Stand in the Fifth Year of Multiple Crises? 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