Purchasing Power Increases After Mild Recession. Economic Outlook for 2023 and 2024
Subdued purchasing power, high energy prices and sharp interest rate increases lead to a mild recession in Austria in 2023; real GDP is expected to contract by 0.8 percent. In 2024, strong real income growth and a pick-up in world trade will ensure an economic recovery (real GDP +1.2 percent). In co...| Link(s) zu Dokument(en): | WIFO Publikation |
|---|---|
| Veröffentlicht in: | WIFO Reports on Austria |
| Hauptverfasser: | , |
| Format: | article |
| Sprache: | Englisch |
| Veröffentlicht: |
2023
|
| Schlagworte: |
| Zusammenfassung: | Subdued purchasing power, high energy prices and sharp interest rate increases lead to a mild recession in Austria in 2023; real GDP is expected to contract by 0.8 percent. In 2024, strong real income growth and a pick-up in world trade will ensure an economic recovery (real GDP +1.2 percent). In construction, however, the recession will intensify. |
|---|