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Austria's economy to contract in 2025
Gulf Today
|March 30, 2025
VIENNA: Austria's economy is expectedtocontract slightly in 2025 before returning to growth in 2026, two leading economic institutes said, dragged by the country's budget consolidation plan and the risks of global trade wars.
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"Surveys among industrial companies have not yet indicated any reversal of the trend," the WIFO institute said, with the announcement of increased tariffs by the US on goods from the European Union acting as a further dampener.
The Austrian economy should overcome its longest recession in decades from mid-2025, said WIFOeconomist Marcus Scheiblecker. "The intensity of the recovery will depend mainly on the uncertain international framework conditions," he added.
Diese Geschichte stammt aus der March 30, 2025-Ausgabe von Gulf Today.
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