{"id":425819,"date":"2025-05-07T16:50:39","date_gmt":"2025-05-07T14:50:39","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/425819\/"},"modified":"2025-05-15T11:09:27","modified_gmt":"2025-05-15T09:09:27","slug":"wifo-monatsberichte-no-4-2025","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/425819\/","title":{"rendered":"WIFO-Monatsberichte, no 4\/2025"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-425819","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"Marcus Scheiblecker, Stefan Ederer, Austria is in its Third Year of Recession. Economic Outlook for 2025 and 2026 \u2022 Josef Baumgartner, Serguei Kaniovski, Global Trade Conflicts, Fiscal Austerity and Structural Issues are Restraining Economic Growth in Austria. Update of the Medium-term Forecast 2025 to 2029 \u2022 Simon Loretz, Hans Pitlik, Public Finances Under Substantial Consolidation Pressure. Medium-term Budget Projection 2025 to 2029 \u2022 Josef Baumgartner, J\u00fcrgen Bierbaumer, Sandra Bilek-Steindl, Benjamin Bittschi, Christian Glocker, Margit Schratzenstaller, Second Year of Recession in Austria. The Austrian Economy in 2024 \u2022 Thomas Url, Calming Inflationary Momentum Allows Key Interest Rates to be Lowered","onlinedate":"2025-05-07 14:50:43","lang":"German","publication_series":"","publication_date":"20250507","publication_date_year":"","publication_date_full":true,"publication_num_pages":"76","keywords":"[]","jelcodes":"[]","related_publications":"[\"33ec6f39-f226-453e-b8cc-154ca4a7bbe6\",\"d542d525-1712-40de-af46-32ce7ea7fa76\",\"f43f876f-e4b9-4ac0-93f3-002490f7e22a\",\"c5eeb702-afd0-4913-8ea2-bfddd694c57a\",\"7c48e4d1-54b1-4b76-b84e-ca0e865d0aae\"]","pdf":426127,"zip":null,"link":"","monthly_report":true,"monthly_report_main":true,"monthly_report_volume":"98","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"4","journal":"WIFO-Monatsberichte","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44312],"research_groups":[3500,3510],"collaboration":"","persons":[],"persons_data":"[]","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\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>WIFO<\\\/span> (2025). <span>WIFO-Monatsberichte, Heft 4\\\/2025<\\\/span>. <span><em>WIFO-Monatsberichte<\\\/em><\\\/span>, <em>98<\\\/em>(4).<\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>WIFO<\\\/span>. <span class=\\\"title\\\"><span>WIFO-Monatsberichte, Heft 4\\\/2025<\\\/span><\\\/span>. <span>WIFO-Monatsberichte<\\\/span>. 2025 May 7;98(4).<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{7e0c0ff84d7047ddaeedd57adf117ec6,<\\\/div><div>  title    = \\\"WIFO-Monatsberichte, Heft 4\\\/2025\\\",<\\\/div><div>  abstract = \\\"Marcus Scheiblecker, Stefan Ederer, {\\\\\\\"O}sterreich steckt im dritten Rezessionsjahr. Prognose f{\\\\\\\"u}r 2025 und 2026 \u2022 Josef Baumgartner, Serguei Kaniovski, Handelskonflikte, Spardruck und Strukturprobleme hemmen das Wirtschaftswachstum in {\\\\\\\"O}sterreich. Update der mittelfristigen Prognose 2025 bis 2029 \u2022 Simon Loretz, Hans Pitlik, {\\\\\\\"O}ffentliche Haushalte unter erheblichem Konsolidierungsdruck. Mittelfristige Budgetprojektion 2025 bis 2029 \u2022 Josef Baumgartner, J{\\\\\\\"u}rgen Bierbaumer, Sandra Bilek-Steindl, Benjamin Bittschi, Christian Glocker, Margit Schratzenstaller, Zweites Rezessionsjahr in {\\\\\\\"O}sterreich. Die {\\\\\\\"o}sterreichische Wirtschaft im Jahr 2024 \u2022 Thomas Url, Schw{\\\\\\\"a}chere Inflationsdynamik erm{\\\\\\\"o}glicht Senkung der Leitzinss{\\\\\\\"a}tze\\\",<\\\/div><div>  author   = \\\"WIFO\\\",<\\\/div><div>  year     = \\\"2025\\\",<\\\/div><div>  month    = may,<\\\/div><div>  day      = \\\"7\\\",<\\\/div><div>  language = \\\"Deutsch\\\",<\\\/div><div>  volume   = \\\"98\\\",<\\\/div><div>  journal  = \\\"WIFO-Monatsberichte\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - WIFO-Monatsberichte, Heft 4\\\/2025<\\\/p><p>AU  - WIFO, <\\\/p><p>PY  - 2025\\\/5\\\/7<\\\/p><p>Y1  - 2025\\\/5\\\/7<\\\/p><p>N2  - Marcus Scheiblecker, Stefan Ederer, \u00d6sterreich steckt im dritten Rezessionsjahr. Prognose f\u00fcr 2025 und 2026 \u2022 Josef Baumgartner, Serguei Kaniovski, Handelskonflikte, Spardruck und Strukturprobleme hemmen das Wirtschaftswachstum in \u00d6sterreich. Update der mittelfristigen Prognose 2025 bis 2029 \u2022 Simon Loretz, Hans Pitlik, \u00d6ffentliche Haushalte unter erheblichem Konsolidierungsdruck. Mittelfristige Budgetprojektion 2025 bis 2029 \u2022 Josef Baumgartner, J\u00fcrgen Bierbaumer, Sandra Bilek-Steindl, Benjamin Bittschi, Christian Glocker, Margit Schratzenstaller, Zweites Rezessionsjahr in \u00d6sterreich. Die \u00f6sterreichische Wirtschaft im Jahr 2024 \u2022 Thomas Url, Schw\u00e4chere Inflationsdynamik erm\u00f6glicht Senkung der Leitzinss\u00e4tze<\\\/p><p>AB  - Marcus Scheiblecker, Stefan Ederer, \u00d6sterreich steckt im dritten Rezessionsjahr. Prognose f\u00fcr 2025 und 2026 \u2022 Josef Baumgartner, Serguei Kaniovski, Handelskonflikte, Spardruck und Strukturprobleme hemmen das Wirtschaftswachstum in \u00d6sterreich. Update der mittelfristigen Prognose 2025 bis 2029 \u2022 Simon Loretz, Hans Pitlik, \u00d6ffentliche Haushalte unter erheblichem Konsolidierungsdruck. Mittelfristige Budgetprojektion 2025 bis 2029 \u2022 Josef Baumgartner, J\u00fcrgen Bierbaumer, Sandra Bilek-Steindl, Benjamin Bittschi, Christian Glocker, Margit Schratzenstaller, Zweites Rezessionsjahr in \u00d6sterreich. Die \u00f6sterreichische Wirtschaft im Jahr 2024 \u2022 Thomas Url, Schw\u00e4chere Inflationsdynamik erm\u00f6glicht Senkung der Leitzinss\u00e4tze<\\\/p><p>M3  - WIFO-Schriftenreihen<\\\/p><p>VL  - 98<\\\/p><p>JO  - WIFO-Monatsberichte<\\\/p><p>JF  - WIFO-Monatsberichte<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","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 v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>WIFO-Monatsberichte, no 4\/2025 - 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\/425819\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WIFO-Monatsberichte, no 4\/2025\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/425819\/\" \/>\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=\"2025-05-15T09:09:27+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\\\/425819\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/425819\\\/\",\"name\":\"WIFO-Monatsberichte, no 4\\\/2025 - WIFO\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/#website\"},\"datePublished\":\"2025-05-07T14:50:39+00:00\",\"dateModified\":\"2025-05-15T09:09:27+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/425819\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/425819\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/425819\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Startseite\",\"item\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"WIFO-Monatsberichte, no 4\\\/2025\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/\",\"name\":\"\u00d6sterreichisches Institut f\u00fcr Wirtschaftsforschung\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/#organization\"},\"alternateName\":\"WIFO\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/#organization\",\"name\":\"\u00d6sterreichisches Institut f\u00fcr Wirtschaftsforschung\",\"alternateName\":\"WIFO\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/WIFO_kurz_rechts-2-1920x412.jpg\",\"contentUrl\":\"https:\\\/\\\/www.wifo.ac.at\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/WIFO_kurz_rechts-2-1920x412.jpg\",\"width\":2000,\"height\":429,\"caption\":\"\u00d6sterreichisches Institut f\u00fcr Wirtschaftsforschung\"},\"image\":{\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/WIFOat\\\/\",\"https:\\\/\\\/x.com\\\/WIFOat\",\"https:\\\/\\\/linkedin.com\\\/company\\\/wifoat\\\/\",\"https:\\\/\\\/www.youtube.com\\\/@WIFO_at\"],\"description\":\"Das WIFO, 1927 von Friedrich August von Hayek und Ludwig von Mises zur Konjunkturanalyse gegr\u00fcndet, ist heute das f\u00fchrende Institut f\u00fcr angewandte empirische Wirtschaftsforschung in \u00d6sterreich mit starkem Engagement auf europ\u00e4ischer Ebene.\",\"email\":\"office@wifo.ac.at\",\"telephone\":\"+43 1 798 26 01 \u2013 0\",\"legalName\":\"\u00d6sterreichisches Institut f\u00fcr Wirtschaftsforschung\",\"foundingDate\":\"1927-01-02\",\"numberOfEmployees\":{\"@type\":\"QuantitativeValue\",\"minValue\":\"51\",\"maxValue\":\"200\"},\"publishingPrinciples\":\"https:\\\/\\\/www.wifo.ac.at\\\/institut\\\/mission-und-strategie\\\/\",\"ownershipFundingInfo\":\"https:\\\/\\\/www.wifo.ac.at\\\/institut\\\/organisation\\\/\",\"actionableFeedbackPolicy\":\"https:\\\/\\\/www.wifo.ac.at\\\/aktuelles\\\/presse\\\/\",\"correctionsPolicy\":\"https:\\\/\\\/www.wifo.ac.at\\\/institut\\\/kontakt\\\/\",\"ethicsPolicy\":\"https:\\\/\\\/www.wifo.ac.at\\\/institut\\\/evidenzbasierung-transparenz-und-unabhaengigkeit\\\/\",\"diversityPolicy\":\"https:\\\/\\\/www.wifo.ac.at\\\/institut\\\/gleichstellung\\\/\",\"diversityStaffingReport\":\"https:\\\/\\\/www.wifo.ac.at\\\/institut\\\/gleichstellung\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"WIFO-Monatsberichte, no 4\/2025 - WIFO","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.wifo.ac.at\/en\/publication\/425819\/","og_locale":"en_US","og_type":"article","og_title":"WIFO-Monatsberichte, no 4\/2025","og_url":"https:\/\/www.wifo.ac.at\/en\/publication\/425819\/","og_site_name":"WIFO","article_publisher":"https:\/\/www.facebook.com\/WIFOat\/","article_modified_time":"2025-05-15T09:09:27+00:00","og_image":[{"width":1920,"height":1280,"url":"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO-Gebaeude-FotoAlexanderMueller-www.alexandermueller.at-IMG_6326-Bearbeitet-1.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_site":"@WIFOat","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.wifo.ac.at\/en\/publication\/425819\/","url":"https:\/\/www.wifo.ac.at\/en\/publication\/425819\/","name":"WIFO-Monatsberichte, no 4\/2025 - WIFO","isPartOf":{"@id":"https:\/\/www.wifo.ac.at\/en\/#website"},"datePublished":"2025-05-07T14:50:39+00:00","dateModified":"2025-05-15T09:09:27+00:00","breadcrumb":{"@id":"https:\/\/www.wifo.ac.at\/en\/publication\/425819\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.wifo.ac.at\/en\/publication\/425819\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.wifo.ac.at\/en\/publication\/425819\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Startseite","item":"https:\/\/www.wifo.ac.at\/en\/"},{"@type":"ListItem","position":2,"name":"WIFO-Monatsberichte, no 4\/2025"}]},{"@type":"WebSite","@id":"https:\/\/www.wifo.ac.at\/en\/#website","url":"https:\/\/www.wifo.ac.at\/en\/","name":"\u00d6sterreichisches Institut f\u00fcr Wirtschaftsforschung","description":"","publisher":{"@id":"https:\/\/www.wifo.ac.at\/en\/#organization"},"alternateName":"WIFO","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.wifo.ac.at\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.wifo.ac.at\/en\/#organization","name":"\u00d6sterreichisches Institut f\u00fcr Wirtschaftsforschung","alternateName":"WIFO","url":"https:\/\/www.wifo.ac.at\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.wifo.ac.at\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO_kurz_rechts-2-1920x412.jpg","contentUrl":"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO_kurz_rechts-2-1920x412.jpg","width":2000,"height":429,"caption":"\u00d6sterreichisches Institut f\u00fcr Wirtschaftsforschung"},"image":{"@id":"https:\/\/www.wifo.ac.at\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/WIFOat\/","https:\/\/x.com\/WIFOat","https:\/\/linkedin.com\/company\/wifoat\/","https:\/\/www.youtube.com\/@WIFO_at"],"description":"Das WIFO, 1927 von Friedrich August von Hayek und Ludwig von Mises zur Konjunkturanalyse gegr\u00fcndet, ist heute das f\u00fchrende Institut f\u00fcr angewandte empirische Wirtschaftsforschung in \u00d6sterreich mit starkem Engagement auf europ\u00e4ischer Ebene.","email":"office@wifo.ac.at","telephone":"+43 1 798 26 01 \u2013 0","legalName":"\u00d6sterreichisches Institut f\u00fcr Wirtschaftsforschung","foundingDate":"1927-01-02","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"51","maxValue":"200"},"publishingPrinciples":"https:\/\/www.wifo.ac.at\/institut\/mission-und-strategie\/","ownershipFundingInfo":"https:\/\/www.wifo.ac.at\/institut\/organisation\/","actionableFeedbackPolicy":"https:\/\/www.wifo.ac.at\/aktuelles\/presse\/","correctionsPolicy":"https:\/\/www.wifo.ac.at\/institut\/kontakt\/","ethicsPolicy":"https:\/\/www.wifo.ac.at\/institut\/evidenzbasierung-transparenz-und-unabhaengigkeit\/","diversityPolicy":"https:\/\/www.wifo.ac.at\/institut\/gleichstellung\/","diversityStaffingReport":"https:\/\/www.wifo.ac.at\/institut\/gleichstellung\/"}]}},"_links":{"self":[{"href":"https:\/\/www.wifo.ac.at\/en\/wp-json\/wp\/v2\/publication\/425819","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.wifo.ac.at\/en\/wp-json\/wp\/v2\/publication"}],"about":[{"href":"https:\/\/www.wifo.ac.at\/en\/wp-json\/wp\/v2\/types\/publication"}],"version-history":[{"count":1,"href":"https:\/\/www.wifo.ac.at\/en\/wp-json\/wp\/v2\/publication\/425819\/revisions"}],"predecessor-version":[{"id":425820,"href":"https:\/\/www.wifo.ac.at\/en\/wp-json\/wp\/v2\/publication\/425819\/revisions\/425820"}],"acf:post":[{"embeddable":true,"href":"https:\/\/www.wifo.ac.at\/en\/wp-json\/wp\/v2\/research_group\/3510"},{"embeddable":true,"href":"https:\/\/www.wifo.ac.at\/en\/wp-json\/wp\/v2\/research_group\/3500"},{"embeddable":true,"href":"https:\/\/www.wifo.ac.at\/en\/wp-json\/wp\/v2\/publication_type\/44312"}],"wp:attachment":[{"href":"https:\/\/www.wifo.ac.at\/en\/wp-json\/wp\/v2\/media?parent=425819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}