{"id":437223,"date":"2025-11-06T12:37:37","date_gmt":"2025-11-06T11:37:37","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/437223\/"},"modified":"2025-11-06T13:23:20","modified_gmt":"2025-11-06T12:23:20","slug":"austria-gradually-emerges-from-recession-3","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/437223\/","title":{"rendered":"Austria Gradually Emerges from Recession"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-437223","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 equip-ment 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 unem-ployment rate will reach a plateau.","onlinedate":"2025-11-06 11:37:39","lang":"German","publication_series":"","publication_date":"20251106","publication_date_year":"","publication_date_full":true,"publication_num_pages":"","keywords":"[]","jelcodes":"[\"E32\",\"E66\"]","related_publications":"[\"841ee963-a939-469f-8bb3-92d33571bf28\",\"d06dd65a-c4c0-4f01-bc26-21f6ee88cb56\",\"b27e59f7-a4c1-4d51-931d-bb4e6cbe2220\",\"d9eef97e-8ceb-431c-98a0-e43f452552ec\"]","pdf":437277,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"98","monthly_report_pages":"515-531","monthly_report_pages_sort":"515","issue":"10","journal":"WIFO-Monatsberichte","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44312],"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>\u00d6sterreich schleppt sich aus der Rezession: Prognose f\u00fcr 2025 und 2026<\\\/span>. <span><em>WIFO-Monatsberichte<\\\/em><\\\/span>, <em>98<\\\/em>(10), 515-531.<\\\/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>\u00d6sterreich schleppt sich aus der Rezession: <span class=\\\"subtitle\\\">Prognose f\u00fcr 2025 und 2026<\\\/span><\\\/span><\\\/span>. <span>WIFO-Monatsberichte<\\\/span>. 2025 Nov 6;98(10):515-531.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{a3c36e92b6f84ce6817207b7de61291c,<\\\/div><div>  title    = \\\"{\\\\\\\"O}sterreich schleppt sich aus der Rezession: Prognose f{\\\\\\\"u}r 2025 und 2026\\\",<\\\/div><div>  abstract = \\\"{\\\\\\\"O}sterreichs Wirtschaft erholt sich im Prognosezeitraum von der Rezession, die laut den revidierten Daten der Volkswirt-schaftlichen Gesamtrechnung (VGR) {\\\\\\\"a}hnlich kr{\\\\\\\"a}ftig ausfiel wie in Deutschland. Die Erholung wird vom privaten Kon-sum getragen, w{\\\\\\\"a}hrend der Warenau{\\\\ss}enhandel zun{\\\\\\\"a}chst noch schrumpft. Die Wohnbauinvestitionen ziehen dank sinkender Zinsen fr{\\\\\\\"u}her an als die Ausr{\\\\\\\"u}stungsinvestitionen. Moderate Lohnabschl{\\\\\\\"u}sse d{\\\\\\\"a}mpfen 2026 die Reallohnzu-w{\\\\\\\"a}chse und verbessern die Ertragslage der Unternehmen. Die Inflationsrate wird im Prognosezeitraum sinken und die Arbeitslosenquote einen Plafond erreichen.\\\",<\\\/div><div>  keywords = \\\"Konjunkturprognose\\\",<\\\/div><div>  author   = \\\"Stefan Schiman-Vukan and Stefan Ederer\\\",<\\\/div><div>  year     = \\\"2025\\\",<\\\/div><div>  month    = nov,<\\\/div><div>  day      = \\\"6\\\",<\\\/div><div>  language = \\\"Deutsch\\\",<\\\/div><div>  volume   = \\\"98\\\",<\\\/div><div>  pages    = \\\"515--531\\\",<\\\/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  - \u00d6sterreich schleppt sich aus der Rezession<\\\/p><p>T2  - Prognose f\u00fcr 2025 und 2026<\\\/p><p>AU  - Schiman-Vukan, Stefan<\\\/p><p>AU  - Ederer, Stefan<\\\/p><p>PY  - 2025\\\/11\\\/6<\\\/p><p>Y1  - 2025\\\/11\\\/6<\\\/p><p>N2  - \u00d6sterreichs Wirtschaft erholt sich im Prognosezeitraum von der Rezession, die laut den revidierten Daten der Volkswirt-schaftlichen Gesamtrechnung (VGR) \u00e4hnlich kr\u00e4ftig ausfiel wie in Deutschland. Die Erholung wird vom privaten Kon-sum getragen, w\u00e4hrend der Warenau\u00dfenhandel zun\u00e4chst noch schrumpft. Die Wohnbauinvestitionen ziehen dank sinkender Zinsen fr\u00fcher an als die Ausr\u00fcstungsinvestitionen. Moderate Lohnabschl\u00fcsse d\u00e4mpfen 2026 die Reallohnzu-w\u00e4chse und verbessern die Ertragslage der Unternehmen. Die Inflationsrate wird im Prognosezeitraum sinken und die Arbeitslosenquote einen Plafond erreichen.<\\\/p><p>AB  - \u00d6sterreichs Wirtschaft erholt sich im Prognosezeitraum von der Rezession, die laut den revidierten Daten der Volkswirt-schaftlichen Gesamtrechnung (VGR) \u00e4hnlich kr\u00e4ftig ausfiel wie in Deutschland. Die Erholung wird vom privaten Kon-sum getragen, w\u00e4hrend der Warenau\u00dfenhandel zun\u00e4chst noch schrumpft. Die Wohnbauinvestitionen ziehen dank sinkender Zinsen fr\u00fcher an als die Ausr\u00fcstungsinvestitionen. Moderate Lohnabschl\u00fcsse d\u00e4mpfen 2026 die Reallohnzu-w\u00e4chse und verbessern die Ertragslage der Unternehmen. Die Inflationsrate wird im Prognosezeitraum sinken und die Arbeitslosenquote einen Plafond erreichen.<\\\/p><p>KW  - Konjunkturprognose<\\\/p><p>M3  - WIFO-Schriftenreihen<\\\/p><p>VL  - 98<\\\/p><p>SP  - 515<\\\/p><p>EP  - 531<\\\/p><p>JO  - WIFO-Monatsberichte<\\\/p><p>JF  - WIFO-Monatsberichte<\\\/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 v28.3 (Yoast SEO v28.3) - 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\/437223\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Austria Gradually Emerges from Recession\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/437223\/\" \/>\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=\"2025-11-06T12:23:20+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\\\/437223\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/437223\\\/\",\"name\":\"Austria Gradually Emerges from Recession - 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