WIFO Reports on Austria

10.02.2021

Neue Publikationsreihe des Österreichischen Institutes für Wirtschaftsforschung

Die WIFO Reports on Austria sind englischsprachige Kurzanalysen zu ökonomischen Entwicklungen in Österreich. Die Publikationsreihe wird seit Anfang 2021 angeboten.

Es werden regelmäßig Beiträge zu Themen wie Konjunktur, Wettbewerbsfähigkeit, Makroökonomie, Arbeitsmarkt, Digitalisierung und Lohnstückkosten veröffentlicht, die die wesentlichen Entwicklungen in diesen und anderen Bereichen in Österreich zusammenfassen.

Die Artikel des Vorgängers "WIFO Bulletin" finden Sie hier.

 

Publikationen

Austrian economic policy in 2020 was largely dominated by the fight against the COVID-19 pandemic. As a result, the implementation of the new government programme presented at the beginning of the year took a back seat, as did the solution of a number of structural problems facing the Austrian economy. This article summarises the main lines of economic development in 2020, focuses on the government's main economic policy measures and discusses the issues and necessary reform steps to be taken in 2021, such as climate policy or the long-term consolidation of public budgets. The references refer to in-depth WIFO research on the respective topics.
WIFO Reports on Austria, 2021, (2), 14 Seiten
Online seit: 29.01.2021 0:00
In the summer of 2020, economic recovery in Austria was extraordinarily strong, even by international standards. The second lockdown depresses economic activity again in 2020, but – since industry is less affected – by less than the first. Overall, real GDP fell by 7.3 percent in 2020 and unemployment rose by one-third despite the use of COVID-19 short-time work. Without a further lockdown ("no policy change"), GDP is expected to grow by 4.5 percent in 2021; and by 2.5 percent with a third lockdown. Upcoming winter tourism in particular will be severely curtailed due to the ongoing travel warnings, or even fully cancelled. Only in the warmer season and with the vaccination coverage of the population can social and economic activities return to normal. In any case, unemployment will remain above the pre-crisis level in 2022.
WIFO Reports on Austria, 2021, (3), 13 Seiten
Online seit: 29.01.2021 0:00
The new WIFO radar of competitiveness measures the performance of Austria using 24 selected indicators in four dimensions related to economic, social and ecological goals. STable values in the top third are recorded for real per-capita income and foreign trade. In the dimensions of "labour market and social living conditions" and "use of natural resources", Austria is also above the European average, but does not rise beyond a medium position. After moderate but persistent losses of position in the past years, on average across all indicators Austria ranks slightly behind the best third of European countries.
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Priv.-Doz. Dr. Ulrike Famira-Mühlberger, PhD

Forschungsgruppe: Arbeitsmarktökonomie, Einkommen und soziale Sicherheit
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