{"id":421111,"date":"2025-01-24T16:37:48","date_gmt":"2025-01-24T15:37:48","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/421111\/"},"modified":"2025-01-24T16:37:49","modified_gmt":"2025-01-24T15:37:49","slug":"fiscal-consolidation-hampered-by-sluggish-gdp-growth-2","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/421111\/","title":{"rendered":"Fiscal Consolidation Hampered by Sluggish GDP Growth"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-421111","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"Economic Outlook for 2025 and 2026","text":"In Austria, the public sector is expected to make substantial savings over the next few years, the impact of which cannot yet been foreseen. The starting position for fiscal consolidation is difficult, especially as Austria's economic output contracted again by almost 1 percent in 2024 and will grow only hesitantly over the forecast period (2025 +0.6 percent, 2026 +1.2 percent). The unemployment rate will rise to 7.4 percent in 2025 and fall slightly to 7 percent in 2026.","onlinedate":"2025-01-24 15:37:50","lang":"English","publication_series":"","publication_date":"20250124","publication_date_year":"","publication_date_full":true,"publication_num_pages":"14","keywords":"[\"Economic outlook\",\"forecast\"]","jelcodes":"[\"E32\",\"E66\"]","related_publications":"[]","pdf":421114,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"1","journal":"WIFO Reports on Austria","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44424],"research_groups":[3500],"collaboration":"","persons":[3567,3865],"persons_data":"[{\"personId\":3567,\"personName\":\"Stefan Ederer\",\"organisationNames\":[]},{\"personId\":3865,\"personName\":\"Stefan Schiman-Vukan\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","scientific_assistance":"[\"Czaloun Astrid\",\"Steiner Martha\"]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.5 (Yoast SEO v26.5) - 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