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Macro - Country Economic Forecasts - Austria

Publisher Oxford Economics
Published Apr 14, 2022
Length 9 Pages
SKU # OFE17108411

Description

Macro - Country Economic Forecasts - Austria

Geopolitical tensions, in tandem with worsening inflation following sanctions on Russia, have clouded Austria's outlook. Supply chain disruptions were just beginning to recover prior to the Russian invasion of Ukraine, but headwinds are now intensifying. We expect geopolitics to impact trade, with the direct hit from Austria's trade with Russia and Ukraine amplified by strained European value chains and the effects of sanctions. The surge in energy and food prices will drag on household real income, thus tempering private consumption. As a result, we now expect GDP to grow 2.4% in 2022, down from 2.7% growth projected last month.

Table of Contents

9 Pages
Austria: Energy prices, supply chains and inflation to drag on growth
Forecast overview
Recent developments
Short-term growth outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics

Pricing

Currency Rates
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