{"id":444577,"date":"2026-04-01T10:56:46","date_gmt":"2026-04-01T08:56:46","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/444577\/"},"modified":"2026-04-01T10:56:46","modified_gmt":"2026-04-01T08:56:46","slug":"geopolitical-uncertainty-weighs-on-economic-activity","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/444577\/","title":{"rendered":"Geopolitical Uncertainty Weighs on Economic Activity"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-444577","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The economy in Austria remains weak. The WIFO-Konjunkturtest (business cycle survey) for February even showed a slight deterioration in business sentiment compared with the previous month. Hopes for an industry-led upturn have so far been disappointed. Geopolitical uncertainty is paralysing investment activity in the euro area. This is also dampening demand for Austrian industrial goods. The war in Iran weighs additionally on sentiment.","onlinedate":"2026-04-01 08:56:47","lang":"German","publication_series":"","publication_date":"20260401","publication_date_year":"","publication_date_full":true,"publication_num_pages":"","keywords":"[]","jelcodes":"[\"E32\",\"E66\"]","related_publications":"[\"b044cdc2-95fc-4f9c-9bdf-5277a6f19bf4\",\"7d643814-445f-49ae-a2ea-b81df7819ea2\",\"a95f94cb-0ead-49df-a7d7-b59bcc3221cb\",\"44e6bdbe-6bb2-4c7b-a851-fdca2596fc23\",\"2bf7ab9c-c6c7-45f9-b1e7-149f15ad03b0\"]","pdf":444579,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"99","monthly_report_pages":"99-106","monthly_report_pages_sort":"99","issue":"3","journal":"WIFO-Monatsberichte","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44312],"research_groups":[3500],"collaboration":"","persons":[3837],"persons_data":"[{\"personId\":3837,\"personName\":\"Marcus Scheiblecker\",\"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>Scheiblecker, M.<\\\/span> (2026). <span>Geopolitische Unsicherheit belastet die Konjunktur<\\\/span>. <span><em>WIFO-Monatsberichte<\\\/em><\\\/span>, <em>99<\\\/em>(3), 99-106.<\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Scheiblecker M<\\\/span>. <span class=\\\"title\\\"><span>Geopolitische Unsicherheit belastet die Konjunktur<\\\/span><\\\/span>. <span>WIFO-Monatsberichte<\\\/span>. 2026 Apr 1;99(3):99-106.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{fde237e6b4b548368260ed39edb5e66b,<\\\/div><div>  title    = \\\"Geopolitische Unsicherheit belastet die Konjunktur\\\",<\\\/div><div>  abstract = \\\"Die Konjunktur in {\\\\\\\"O}sterreich ist anhaltend schwach. Der WIFO-Konjunkturtest vom Februar ergab sogar eine leichte Verschlechterung der Unternehmensstimmung gegen{\\\\\\\"u}ber dem Vormonat. Die Hoffnung auf einen von der Industrie ausgehenden Aufschwung wurde bisher entt{\\\\\\\"a}uscht. Die geopolitische Unsicherheit l{\\\\\\\"a}hmt die Investitionst{\\\\\\\"a}tigkeit im Euro-Raum. Dies d{\\\\\\\"a}mpft auch die Nachfrage nach {\\\\\\\"o}sterreichischen Industrieg{\\\\\\\"u}tern. Der Iran-Krieg tr{\\\\\\\"u}bt die Stimmung zus{\\\\\\\"a}tzlich.\\\",<\\\/div><div>  keywords = \\\"Konjunkturbericht\\\",<\\\/div><div>  author   = \\\"Marcus Scheiblecker\\\",<\\\/div><div>  year     = \\\"2026\\\",<\\\/div><div>  month    = apr,<\\\/div><div>  day      = \\\"1\\\",<\\\/div><div>  language = \\\"Deutsch\\\",<\\\/div><div>  volume   = \\\"99\\\",<\\\/div><div>  pages    = \\\"99--106\\\",<\\\/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  - Geopolitische Unsicherheit belastet die Konjunktur<\\\/p><p>AU  - Scheiblecker, Marcus<\\\/p><p>PY  - 2026\\\/4\\\/1<\\\/p><p>Y1  - 2026\\\/4\\\/1<\\\/p><p>N2  - Die Konjunktur in \u00d6sterreich ist anhaltend schwach. Der WIFO-Konjunkturtest vom Februar ergab sogar eine leichte Verschlechterung der Unternehmensstimmung gegen\u00fcber dem Vormonat. Die Hoffnung auf einen von der Industrie ausgehenden Aufschwung wurde bisher entt\u00e4uscht. Die geopolitische Unsicherheit l\u00e4hmt die Investitionst\u00e4tigkeit im Euro-Raum. Dies d\u00e4mpft auch die Nachfrage nach \u00f6sterreichischen Industrieg\u00fctern. Der Iran-Krieg tr\u00fcbt die Stimmung zus\u00e4tzlich.<\\\/p><p>AB  - Die Konjunktur in \u00d6sterreich ist anhaltend schwach. Der WIFO-Konjunkturtest vom Februar ergab sogar eine leichte Verschlechterung der Unternehmensstimmung gegen\u00fcber dem Vormonat. Die Hoffnung auf einen von der Industrie ausgehenden Aufschwung wurde bisher entt\u00e4uscht. Die geopolitische Unsicherheit l\u00e4hmt die Investitionst\u00e4tigkeit im Euro-Raum. Dies d\u00e4mpft auch die Nachfrage nach \u00f6sterreichischen Industrieg\u00fctern. Der Iran-Krieg tr\u00fcbt die Stimmung zus\u00e4tzlich.<\\\/p><p>KW  - Konjunkturbericht<\\\/p><p>M3  - WIFO-Schriftenreihen<\\\/p><p>VL  - 99<\\\/p><p>SP  - 99<\\\/p><p>EP  - 106<\\\/p><p>JO  - WIFO-Monatsberichte<\\\/p><p>JF  - WIFO-Monatsberichte<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[\"Czaloun Astrid\",\"Glauninger Ursula\",\"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>Geopolitical Uncertainty Weighs on Economic Activity - 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\/444577\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Geopolitical Uncertainty Weighs on Economic Activity\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/444577\/\" \/>\n<meta property=\"og:site_name\" content=\"WIFO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WIFOat\/\" \/>\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\\\/444577\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/444577\\\/\",\"name\":\"Geopolitical Uncertainty Weighs on Economic Activity - 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