{"id":425851,"date":"2025-05-07T16:51:55","date_gmt":"2025-05-07T14:51:55","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/425851\/"},"modified":"2025-05-13T09:49:31","modified_gmt":"2025-05-13T07:49:31","slug":"second-year-of-recession-in-austria","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/425851\/","title":{"rendered":"Second Year of Recession in Austria"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-425851","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"The Austrian Economy in 2024","text":"The Austrian economy experienced its second consecutive year of recession in 2024. In addition to the decline in industrial activity, construction and some service sectors also weakened. The budget deficit increased to 4.7 percent of GDP due to the economic downturn and one-off measures. Despite an increase in gross real income, consumer demand from private households was sluggish. After two years of very high inflation, it slowed to an annual average of 2.9 percent in 2024.","onlinedate":"2025-05-07 14:51:58","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\",\"33ec6f39-f226-453e-b8cc-154ca4a7bbe6\",\"d542d525-1712-40de-af46-32ce7ea7fa76\",\"f43f876f-e4b9-4ac0-93f3-002490f7e22a\",\"7e0c0ff8-4d70-47dd-aeed-d57adf117ec6\"]","pdf":425986,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"98","monthly_report_pages":"199-215","monthly_report_pages_sort":"199","issue":"4","journal":"WIFO-Monatsberichte","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44312],"research_groups":[3500,3510],"collaboration":"","persons":[3530,3537,3872,4917,3543,3830],"persons_data":"[{\"personId\":3530,\"personName\":\"Josef Baumgartner\",\"organisationNames\":[]},{\"personId\":3537,\"personName\":\"J\u00fcrgen Bierbaumer\",\"organisationNames\":[]},{\"personId\":3872,\"personName\":\"Sandra Bilek-Steindl\",\"organisationNames\":[]},{\"personId\":4917,\"personName\":\"Benjamin Bittschi\",\"organisationNames\":[]},{\"personId\":3543,\"personName\":\"Christian Glocker\",\"organisationNames\":[]},{\"personId\":3830,\"personName\":\"Margit Schratzenstaller\",\"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":"[\"Einsiedl Martina\",\"Glauninger Ursula\",\"Kaufmann Christine\",\"Steiner Martha\",\"Steininger Doris\",\"Sutrich Andrea\"]","scientific_review":"[\"Schiman-Vukan Stefan\"]","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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