High Uncertainty Keeps Austria's Economy in Stagnation

Economic Outlook for 2024 and 2025

Following the recession in the previous year, the Austrian economy will stagnate in 2024. Leading indicators still do not point to an imminent economic recovery. It is only from 2025 onwards that a slightly more favourable trend could emerge, when exports pick up in line with the global economy, thereby reinforcing the impetus from domestic demand. After the decline in 2023 (–0.8 percent) and stagnation in 2024, GDP will therefore not grow significantly again until 2025 (+1.5 percent).