{"id":425827,"date":"2025-05-07T16:50:59","date_gmt":"2025-05-07T14:50:59","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/425827\/"},"modified":"2025-05-07T16:51:00","modified_gmt":"2025-05-07T14:51:00","slug":"austria-is-in-its-third-year-of-recession-2","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/425827\/","title":{"rendered":"Austria is in its Third Year of Recession"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-425827","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"Economic Outlook for 2025 and 2026","text":"The decline in industrial production in the euro area, which has been observed since the beginning of 2023, continues to affect Austria. Surveys among manufacturing companies do not yet point to a turnaround. The announced increase in tariffs of the USA on EU export goods is also weighing on sentiment. By contrast, construction and consumer demand are trending upwards. The inflation rate rose significantly at the beginning of 2025, but is forecasted to fall back in the course of the year. The labour market is proving relatively robust given the duration and severity of the recession, although unemployment will continue to rise in 2025. WIFO expects GDP to fall by 0.3 percent in 2025. The Austrian economy will pick up speed again in 2026 (+1.2 percent).","onlinedate":"2025-05-07 14:51:01","lang":"German","publication_series":"","publication_date":"20250507","publication_date_year":"","publication_date_full":true,"publication_num_pages":"","keywords":"[]","jelcodes":"[\"E32\",\"E66\"]","related_publications":"[\"c5eeb702-afd0-4913-8ea2-bfddd694c57a\",\"7c48e4d1-54b1-4b76-b84e-ca0e865d0aae\",\"33ec6f39-f226-453e-b8cc-154ca4a7bbe6\",\"d542d525-1712-40de-af46-32ce7ea7fa76\",\"52128cf8-27b0-4db3-9ae8-ff638b0c1d2d\",\"a3a9f237-a182-4fdc-910c-b797364e0681\",\"7e0c0ff8-4d70-47dd-aeed-d57adf117ec6\"]","pdf":425829,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"98","monthly_report_pages":"163-177","monthly_report_pages_sort":"163","issue":"4","journal":"WIFO-Monatsberichte","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44312],"research_groups":[3500],"collaboration":"","persons":[3837,3567],"persons_data":"[{\"personId\":3837,\"personName\":\"Marcus Scheiblecker\",\"organisationNames\":[]},{\"personId\":3567,\"personName\":\"Stefan Ederer\",\"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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