News – 10.06.2021

Even Recovery in Summer Cannot Save 2021

Around –40 Percent Compared to Pre-crisis Levels are Expected for the Year as a Whole

After the winter season from November 2020 to April 2021 was almost completely cancelled due to lockdown, tourism in Austria is expected to recover in summer 2021 according to current WIFO estimates. For 2021 as a whole, the outlook remains bleak, with around 12 percent fewer overnight stays than in 2020 and demand more than 40 percent lower than in the pre-crisis year of 2019.
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News – 09.06.2021

Rapid Economic Recovery on the Horizon

WIFO Business Cycle Report June 2021

"The GDP gap relative to the pre-crisis year 2019 narrowed significantly recently. At the end of May, it amounted to around 1 percent. The pre-crisis level should be reached within the next few months," says Christian Glocker, author of the current WIFO business cycle report.
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News – 08.06.2021

Weekly WIFO Economic Index

WWWI: Calendar Week 21 2021

The GDP gap relative to the pre-crisis level – an average week in 2019 – narrowed by 0.4 percentage points in calendar week 21 (24 to 30 May 2021) to a current level of 1.0 percent. Compared to the same week last year, economic output is 12.1 percent higher.
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News – 28.05.2021

Economy is Picking up Speed

WIFO-Konjunkturtest (Business Cycle Survey) of May 2021

Sentiment among Austrian companies continued to improve in May. After an increase of 6.2 points, the WIFO Business Climate Index was at 18.0 points (seasonally adjusted). This is the highest value since October 2018. Only in those sectors that continued to be affected by COVID-19 restriction measures the situation assessments remained sceptical. However, economic expectations in all sectors signal optimism. The economy is picking up speed.
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News – 19.05.2021

The European COVID-19 Recovery Plan

NextGenerationEU and Multiannual Financial Framework: 1,824.3 Billion € at a Glance

Today, 19 May 2021, the Austrian Parliament votes on the EU's own resources decision. A recent article of the WIFO-Monatsberichte (monthly reports) Julia Bachtrögler-Unger, Margit Schratzenstaller and Franz Sinabell describe the changes compared to the previous Multiannual Financial Framework (MFF), the instruments to cope with the COVID-19 crisis and the transformation towards climate neutrality.
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News – 07.05.2021

Despite the Rebound in Economic Activity, Labour Markets will only Slowly Recover

Update of the Medium-term Forecast 2021 to 2025

As a result of the COVID-19 pandemic and health policy containment measures, Austria experienced its worst recession since the post-war period in 2020. As the COVID-19 crisis abates, an – in some years strong – economic recovery is expected.
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WIFO-News

04.06.2021

Quantifying Cyber Risk

WIFO Research Seminar with Rainer Böhme (University of Innsbruck)
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31.05.2021

Light and Shadow

Small-scale Analysis of EU Regional Policy Using Satellite Data
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WIFO publications