{"id":435940,"date":"2025-10-21T16:37:11","date_gmt":"2025-10-21T14:37:11","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/435940\/"},"modified":"2025-10-21T16:37:11","modified_gmt":"2025-10-21T14:37:11","slug":"austria-gradually-emerges-from-recession-2","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/435940\/","title":{"rendered":"Austria Gradually Emerges from Recession"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-435940","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"Economic Outlook for 2025 and 2026","text":"Austria's economy is recovering over the projection period from a recession that, according to the revised National Accounts, proved comparably severe to Germany's. The rebound is driven by private consumption, while foreign trade in goods continues to contract for the time being. Residential construction is picking up earlier than equipment investment, thanks to falling interest rates. Moderate wage settlements are expected to curb real-wage growth in 2026 and improve corporate profitability. Inflation will decline during the forecasting period, and the unemployment rate will reach a plateau.","onlinedate":"2025-10-21 14:37:12","lang":"English","publication_series":"","publication_date":"20251021","publication_date_year":"","publication_date_full":true,"publication_num_pages":"17","keywords":"[\"Economic outlook\",\"forecast\"]","jelcodes":"[\"E32\",\"E66\"]","related_publications":"[\"a5e06d87-482f-473e-bd9a-58c66ce6dc2f\",\"764a50cc-5614-4209-a634-91729ea6b2bb\",\"ea318e89-1fb8-4af5-a919-e022c7e61164\"]","pdf":435943,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"16","journal":"WIFO Reports on Austria","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44424],"research_groups":[3500],"collaboration":"","persons":[3865,3567],"persons_data":"[{\"personId\":3865,\"personName\":\"Stefan Schiman-Vukan\",\"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":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Schiman-Vukan, S.<\\\/span><span>, &amp; Ederer, S.<\\\/span> (2025). <span>Austria Gradually Emerges from Recession: Economic Outlook for 2025 and 2026<\\\/span>. <span><em>WIFO Reports on Austria<\\\/em><\\\/span>, (16).<\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Schiman-Vukan S<\\\/span><span>, Ederer S<\\\/span>. <span class=\\\"title\\\"><span>Austria Gradually Emerges from Recession: <span class=\\\"subtitle\\\">Economic Outlook for 2025 and 2026<\\\/span><\\\/span><\\\/span>. <span>WIFO Reports on Austria<\\\/span>. 2025 Oct 21;(16).<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{08b19913644746d1878a5dfc65fae06a,<\\\/div><div>  title    = \\\"Austria Gradually Emerges from Recession: Economic Outlook for 2025 and 2026\\\",<\\\/div><div>  abstract = \\\"Austria's economy is recovering over the projection period from a recession that, according to the revised National Accounts, proved comparably severe to Germany's. The rebound is driven by private consumption, while foreign trade in goods continues to contract for the time being. Residential construction is picking up earlier than equipment investment, thanks to falling interest rates. Moderate wage settlements are expected to curb real-wage growth in 2026 and improve corporate profitability. Inflation will decline during the forecasting period, and the unemployment rate will reach a plateau.\\\",<\\\/div><div>  keywords = \\\"Economic outlook, forecast\\\",<\\\/div><div>  author   = \\\"Stefan Schiman-Vukan and Stefan Ederer\\\",<\\\/div><div>  year     = \\\"2025\\\",<\\\/div><div>  month    = oct,<\\\/div><div>  day      = \\\"21\\\",<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  journal  = \\\"WIFO Reports on Austria\\\",<\\\/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  - Austria Gradually Emerges from Recession<\\\/p><p>T2  - Economic Outlook for 2025 and 2026<\\\/p><p>AU  - Schiman-Vukan, Stefan<\\\/p><p>AU  - Ederer, Stefan<\\\/p><p>PY  - 2025\\\/10\\\/21<\\\/p><p>Y1  - 2025\\\/10\\\/21<\\\/p><p>N2  - Austria's economy is recovering over the projection period from a recession that, according to the revised National Accounts, proved comparably severe to Germany's. The rebound is driven by private consumption, while foreign trade in goods continues to contract for the time being. Residential construction is picking up earlier than equipment investment, thanks to falling interest rates. Moderate wage settlements are expected to curb real-wage growth in 2026 and improve corporate profitability. Inflation will decline during the forecasting period, and the unemployment rate will reach a plateau.<\\\/p><p>AB  - Austria's economy is recovering over the projection period from a recession that, according to the revised National Accounts, proved comparably severe to Germany's. The rebound is driven by private consumption, while foreign trade in goods continues to contract for the time being. Residential construction is picking up earlier than equipment investment, thanks to falling interest rates. Moderate wage settlements are expected to curb real-wage growth in 2026 and improve corporate profitability. Inflation will decline during the forecasting period, and the unemployment rate will reach a plateau.<\\\/p><p>KW  - Economic outlook<\\\/p><p>KW  - forecast<\\\/p><p>M3  - WIFO series<\\\/p><p>JO  - WIFO Reports on Austria<\\\/p><p>JF  - WIFO Reports on Austria<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","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 v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Austria Gradually Emerges from Recession - 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\/435940\/\" \/>\n<meta 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