{"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":"","citations":"{\"apa\":\"
Ederer, S.<\\\/span>, & Schiman-Vukan, S.<\\\/span> (2025). Fiscal Consolidation Hampered by Sluggish GDP Growth: Economic Outlook for 2025 and 2026<\\\/span>. WIFO Reports on Austria<\\\/em><\\\/span>, (1).<\\\/div>\",\"vancouver\":\"
Ederer S<\\\/span>, Schiman-Vukan S<\\\/span>. Fiscal Consolidation Hampered by Sluggish GDP Growth: Economic Outlook for 2025 and 2026<\\\/span><\\\/span><\\\/span>. WIFO Reports on Austria<\\\/span>. 2025 Jan 24;(1).<\\\/div>\",\"bibtex\":\"
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title = \\\"Fiscal Consolidation Hampered by Sluggish GDP Growth: Economic Outlook for 2025 and 2026\\\",<\\\/div>
abstract = \\\"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.\\\",<\\\/div>
keywords = \\\"Economic outlook, forecast\\\",<\\\/div>
author = \\\"Stefan Ederer and Stefan Schiman-Vukan\\\",<\\\/div>
year = \\\"2025\\\",<\\\/div>
month = jan,<\\\/div>
day = \\\"24\\\",<\\\/div>
language = \\\"English\\\",<\\\/div>
journal = \\\"WIFO Reports on Austria\\\",<\\\/div>

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T1 - Fiscal Consolidation Hampered by Sluggish GDP Growth<\\\/p>

T2 - Economic Outlook for 2025 and 2026<\\\/p>

AU - Ederer, Stefan<\\\/p>

AU - Schiman-Vukan, Stefan<\\\/p>

PY - 2025\\\/1\\\/24<\\\/p>

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N2 - 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.<\\\/p>

AB - 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.<\\\/p>

KW - Economic outlook<\\\/p>

KW - forecast<\\\/p>

M3 - WIFO series<\\\/p>

JO - WIFO Reports on Austria<\\\/p>

JF - WIFO Reports on Austria<\\\/p>

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